New York State Common Retirement Fund Sells 5,102 Shares of Weatherford International plc (NASDAQ:WFRD)

New York State Common Retirement Fund lowered its stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,004 shares of the company's stock after selling 5,102 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of Weatherford International worth $14,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Weatherford International by 551.1% during the 3rd quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company's stock worth $122,356,000 after acquiring an additional 1,219,553 shares during the last quarter. FMR LLC raised its stake in Weatherford International by 36.7% during the 3rd quarter. FMR LLC now owns 3,573,003 shares of the company's stock worth $303,419,000 after buying an additional 959,783 shares during the period. Jennison Associates LLC grew its stake in Weatherford International by 30.6% in the third quarter. Jennison Associates LLC now owns 1,324,101 shares of the company's stock valued at $112,443,000 after acquiring an additional 310,259 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Weatherford International by 402.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company's stock valued at $27,555,000 after acquiring an additional 259,924 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Weatherford International by 28.6% in the fourth quarter. Van ECK Associates Corp now owns 917,530 shares of the company's stock worth $65,723,000 after acquiring an additional 204,317 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Weatherford International news, CAO Desmond J. Mills sold 19,425 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.51, for a total transaction of $1,311,381.75. Following the transaction, the chief accounting officer now owns 17,899 shares of the company's stock, valued at $1,208,361.49. The trade was a 52.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Arunava Mitra sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.57, for a total value of $675,700.00. Following the completion of the sale, the chief financial officer now owns 21,072 shares in the company, valued at $1,423,835.04. This represents a 32.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,692 shares of company stock valued at $6,207,725 in the last quarter. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

WFRD has been the subject of a number of research reports. Piper Sandler lowered their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Raymond James dropped their price objective on shares of Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. Citigroup reduced their target price on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group cut Weatherford International from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Finally, Barclays cut their price target on Weatherford International from $100.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.63.

Weatherford International Stock Down 1.0 %

Shares of NASDAQ WFRD traded down $0.60 during mid-day trading on Thursday, hitting $61.90. The company had a trading volume of 932,832 shares, compared to its average volume of 1,270,501. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The firm has a 50-day simple moving average of $69.08 and a two-hundred day simple moving average of $82.24. The company has a market capitalization of $4.51 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60. Weatherford International plc has a one year low of $60.45 and a one year high of $135.00.

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

Weatherford International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, February 21st. Weatherford International's dividend payout ratio (DPR) is currently 14.88%.

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.