WINTON GROUP Ltd Trims Stake in Weatherford International plc (NASDAQ:WFRD)

WINTON GROUP Ltd decreased its position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 72.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,318 shares of the company's stock after selling 41,196 shares during the quarter. WINTON GROUP Ltd's holdings in Weatherford International were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in Weatherford International during the fourth quarter worth $29,000. EFG Asset Management North America Corp. increased its position in shares of Weatherford International by 105.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 33,781 shares of the company's stock worth $2,420,000 after acquiring an additional 17,332 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Weatherford International by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 7,702,911 shares of the company's stock worth $551,760,000 after acquiring an additional 270,775 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Weatherford International in the 4th quarter valued at about $1,067,000. Finally, Sei Investments Co. lifted its position in Weatherford International by 4.7% in the 4th quarter. Sei Investments Co. now owns 95,587 shares of the company's stock valued at $6,847,000 after acquiring an additional 4,325 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, EVP David John Reed sold 4,762 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the sale, the executive vice president now directly owns 11,109 shares in the company, valued at approximately $807,179.94. The trade was a 30.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value of $2,944,895.85. Following the sale, the executive vice president now directly owns 125,019 shares in the company, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,692 shares of company stock worth $6,207,725 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WFRD. Barclays lowered their price objective on Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a research note on Monday. Piper Sandler dropped their price objective on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Benchmark reduced their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group downgraded shares of Weatherford International from a "buy" rating to a "neutral" rating and lowered their target price for the company from $132.00 to $98.00 in a report on Friday, December 13th. Finally, Raymond James cut their price target 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. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.75.

Weatherford International Stock Performance

Shares of WFRD stock traded down $0.19 during trading hours on Wednesday, hitting $54.01. 192,372 shares of the company were exchanged, compared to its average volume of 1,023,618. Weatherford International plc has a 52-week low of $51.24 and a 52-week high of $135.00. 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 fifty day simple moving average of $61.30 and a 200 day simple moving average of $74.26. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.65 and a beta of 0.61.

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

Weatherford International Announces Dividend

The firm 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 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, February 21st. Weatherford International's dividend payout ratio (DPR) is presently 14.88%.

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.