Amundi Acquires 23,685 Shares of Weatherford International plc (NASDAQ:WFRD)

Amundi increased its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 154.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,993 shares of the company's stock after acquiring an additional 23,685 shares during the period. Amundi owned approximately 0.05% of Weatherford International worth $2,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. KBC Group NV increased its stake in Weatherford International by 10.4% during the 3rd quarter. KBC Group NV now owns 1,945 shares of the company's stock valued at $165,000 after purchasing an additional 184 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Weatherford International by 130.8% during the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after buying an additional 204 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Weatherford International by 1.9% during the third quarter. Hancock Whitney Corp now owns 14,994 shares of the company's stock valued at $1,273,000 after buying an additional 284 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in Weatherford International in the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd bought a new position in Weatherford International in the 4th quarter valued at approximately $36,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Stock Performance

NASDAQ WFRD traded up $0.05 on Thursday, reaching $52.86. 1,882,834 shares of the stock were exchanged, compared to its average volume of 971,989. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International plc has a one year low of $51.24 and a one year high of $135.00. The firm has a market capitalization of $3.85 billion, a PE ratio of 7.87, a PEG ratio of 1.65 and a beta of 0.61. The company's 50-day simple moving average is $64.49 and its two-hundred day simple moving average is $76.86.

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Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. Analysts expect that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 21st. Weatherford International's dividend payout ratio (DPR) is currently 14.88%.

Wall Street Analyst Weigh In

A number of research firms have commented on WFRD. Raymond James reduced their target price on Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a report on Friday, February 7th. Piper Sandler decreased their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Citigroup dropped their price target on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Benchmark decreased their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered shares of Weatherford International from a "buy" rating to a "neutral" rating and decreased their target price for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weatherford International has an average rating of "Moderate Buy" and a consensus price target of $107.63.

Insider Activity

In other news, CFO Arunava Mitra sold 10,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares in the company, valued at $1,423,835.04. This trade represents a 32.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total value of $2,944,895.85. Following the transaction, the executive vice president now directly owns 125,019 shares of the company's stock, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,692 shares of company stock worth $6,207,725 over the last quarter. Insiders own 1.60% of the company's stock.

Weatherford International Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.