Weatherford International plc (NASDAQ:WFRD) Shares Sold by XTX Topco Ltd

XTX Topco Ltd reduced its position in shares of Weatherford International plc (NASDAQ:WFRD) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,464 shares of the company’s stock after selling 4,669 shares during the period. XTX Topco Ltd’s holdings in Weatherford International were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in Weatherford International during the 3rd quarter worth about $571,000. New York Life Investment Management LLC purchased a new stake in Weatherford International during the fourth quarter worth about $546,000. Amundi increased its stake in Weatherford International by 154.7% during the fourth quarter. Amundi now owns 38,993 shares of the company’s stock worth $2,813,000 after purchasing an additional 23,685 shares during the period. William Blair Investment Management LLC lifted its position in shares of Weatherford International by 9.5% during the fourth quarter. William Blair Investment Management LLC now owns 500,005 shares of the company’s stock worth $35,815,000 after purchasing an additional 43,182 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Weatherford International in the fourth quarter valued at approximately $7,215,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Down 0.0 %

Weatherford International stock opened at $43.48 on Wednesday. The stock has a market cap of $3.17 billion, a PE ratio of 6.47, a P/E/G ratio of 1.65 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. The stock’s fifty day moving average is $55.72 and its two-hundred day moving average is $70.49. Weatherford International plc has a 1-year low of $36.74 and a 1-year high of $135.00.

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

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, February 21st. Weatherford International’s payout ratio is 14.88%.

Insider Activity at Weatherford International

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Depinder Sandhu sold 14,000 shares of Weatherford International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $66.41, for a total value of $929,740.00. Following the sale, the executive vice president now owns 8,892 shares in the company, valued at $590,517.72. This trade represents a 61.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,930 shares of company stock valued at $5,861,718 in the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

WFRD has been the topic of several recent research reports. Piper Sandler cut their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Raymond James cut their price objective on Weatherford International from $97.00 to $73.00 and set a “strong-buy” rating on the stock in a research report on Monday. Citigroup lowered their target price on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Barclays cut their price target on Weatherford International from $92.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Finally, Benchmark decreased their price objective on Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.75.

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.