New York State Teachers Retirement System Has $5.02 Million Holdings in Weatherford International plc (NASDAQ:WFRD)

New York State Teachers Retirement System reduced its holdings in Weatherford International plc (NASDAQ:WFRD - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,112 shares of the company's stock after selling 3,973 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Weatherford International worth $5,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stanley Laman Group Ltd. acquired a new position in shares of Weatherford International in the 4th quarter worth approximately $2,785,000. Van ECK Associates Corp boosted its holdings in shares of Weatherford International by 28.6% in the 4th 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. Empirical Finance LLC boosted its holdings in shares of Weatherford International by 130.2% in the 4th quarter. Empirical Finance LLC now owns 11,076 shares of the company's stock worth $793,000 after acquiring an additional 6,264 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Weatherford International by 34.9% in the 4th quarter. Empowered Funds LLC now owns 95,190 shares of the company's stock worth $6,818,000 after acquiring an additional 24,637 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in shares of Weatherford International by 114.5% in the 4th quarter. Oakworth Capital Inc. now owns 3,899 shares of the company's stock worth $279,000 after acquiring an additional 2,081 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays reduced their target price on Weatherford International from $100.00 to $92.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Evercore ISI reduced their price objective on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group downgraded Weatherford International from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Citigroup reduced their price objective on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, Piper Sandler dropped their target price on shares of Weatherford International from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Two investment 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 company's stock. Based on data from MarketBeat, Weatherford International presently has an average rating of "Moderate Buy" and an average target price of $107.63.

Weatherford International Trading Down 6.8 %

Shares of Weatherford International stock traded down $4.74 on Friday, hitting $65.48. 1,386,331 shares of the company's stock traded hands, compared to its average volume of 1,320,002. The firm's 50-day moving average price is $69.77 and its two-hundred day moving average price is $83.50. The stock has a market capitalization of $4.77 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.68 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. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS 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, research analysts expect that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International's dividend payout ratio is currently 14.88%.

Insider Activity at Weatherford International

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 125,019 shares in the company, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Arunava Mitra sold 10,000 shares of the company's stock in a transaction on 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 directly owns 21,072 shares of the company's stock, valued at approximately $1,423,835.04. The trade was a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,692 shares of company stock worth $6,207,725 in the last quarter. Corporate insiders own 1.60% of the company's stock.

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.