XTX Topco Ltd Purchases 8,451 Shares of Weatherford International plc (NASDAQ:WFRD)

XTX Topco Ltd raised its position in Weatherford International plc (NASDAQ:WFRD - Free Report) by 79.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,133 shares of the company's stock after buying an additional 8,451 shares during the quarter. XTX Topco Ltd's holdings in Weatherford International were worth $1,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WFRD. Cetera Investment Advisers bought a new stake in Weatherford International during the 1st quarter valued at $2,132,000. Cetera Advisors LLC boosted its stake in Weatherford International by 9.5% in the 1st quarter. Cetera Advisors LLC now owns 3,044 shares of the company's stock worth $351,000 after purchasing an additional 265 shares during the period. GAMMA Investing LLC grew its holdings in Weatherford International by 50.4% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $47,000 after buying an additional 128 shares in the last quarter. CWM LLC increased its position in shares of Weatherford International by 74.1% during the second quarter. CWM LLC now owns 552 shares of the company's stock valued at $68,000 after buying an additional 235 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Weatherford International by 238.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,040 shares of the company's stock worth $740,000 after buying an additional 4,254 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Insider Activity at Weatherford International

In related news, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the sale, the chief accounting officer now owns 11,680 shares in the company, valued at $932,764.80. The trade was a 35.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Weatherford International Trading Up 0.1 %

NASDAQ:WFRD traded up $0.05 during trading hours on Monday, reaching $77.63. The company's stock had a trading volume of 757,221 shares, compared to its average volume of 901,977. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.65 and a beta of 0.58. The firm has a 50-day simple moving average of $85.24 and a 200-day simple moving average of $101.71. Weatherford International plc has a 1 year low of $76.84 and a 1 year high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.41. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. Weatherford International's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. Research analysts expect that Weatherford International plc will post 6.85 EPS for the current fiscal year.

Weatherford International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WFRD shares. Bank of America decreased their target price on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Barclays decreased their price target on shares of Weatherford International from $154.00 to $147.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Evercore ISI reduced their target price on Weatherford International from $149.00 to $142.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Citigroup lowered their price target on Weatherford International from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $155.00 target price on shares of Weatherford International in a research note on Thursday, October 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Weatherford International presently has an average rating of "Buy" and an average target price of $147.29.

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.