Janus Henderson Group PLC Sells 132,696 Shares of Weatherford International plc (NASDAQ:WFRD)

Janus Henderson Group PLC lessened its position in Weatherford International plc (NASDAQ:WFRD - Free Report) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 513,638 shares of the company's stock after selling 132,696 shares during the period. Janus Henderson Group PLC owned approximately 0.71% of Weatherford International worth $43,617,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Centiva Capital LP increased its position in shares of Weatherford International by 231.9% during the third quarter. Centiva Capital LP now owns 36,377 shares of the company's stock worth $3,089,000 after acquiring an additional 25,418 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Weatherford International during the third quarter worth $425,000. Point72 Hong Kong Ltd bought a new stake in shares of Weatherford International during the third quarter worth $6,137,000. Maverick Capital Ltd. bought a new stake in shares of Weatherford International during the third quarter worth $966,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Weatherford International during the third quarter worth $3,615,000. Institutional investors own 97.23% of the company's stock.

Weatherford International Stock Performance

Shares of WFRD stock traded down $5.14 during trading on Friday, reaching $77.58. 700,018 shares of the company's stock were exchanged, compared to its average volume of 902,588. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.64 billion, a PE ratio of 11.62, a PEG ratio of 0.72 and a beta of 0.58. Weatherford International plc has a twelve month low of $76.84 and a twelve month high of $135.00. The firm's fifty day moving average price is $85.39 and its 200-day moving average price is $102.31.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 EPS. As a group, sell-side analysts anticipate that Weatherford International plc will post 6.85 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, November 6th. Weatherford International's dividend payout ratio is 14.04%.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, CAO Desmond J. Mills sold 6,531 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the transaction, the chief accounting officer now directly owns 11,680 shares of the company's stock, valued at $932,764.80. This represents a 35.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

WFRD has been the subject of several research reports. Bank of America lowered their price objective on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Citigroup decreased their target price on shares of Weatherford International from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Barclays cut their price target on shares of Weatherford International from $154.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Evercore ISI decreased their price objective on Weatherford International from $149.00 to $142.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Benchmark reissued a "buy" rating and set a $155.00 price target on shares of Weatherford International in a research report on Thursday, October 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weatherford International currently has an average rating of "Buy" and an average target price of $147.29.

Weatherford International Company 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.