WINTON GROUP Ltd Has $1.62 Million Stock Holdings in Weatherford International PLC $WFRD

WINTON GROUP Ltd decreased its holdings in Weatherford International PLC (NASDAQ:WFRD) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,867 shares of the company’s stock after selling 6,599 shares during the period. WINTON GROUP Ltd’s holdings in Weatherford International were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock worth $25,000 after buying an additional 178 shares during the last quarter. IFP Advisors Inc grew its position in Weatherford International by 72.0% in the second quarter. IFP Advisors Inc now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Weatherford International in the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in Weatherford International by 83.5% during the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 253 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new position in Weatherford International during the second quarter worth about $38,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Buying and Selling at Weatherford International

In other news, Director Neal P. Goldman sold 16,000 shares of Weatherford International stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $84.84, for a total transaction of $1,357,440.00. Following the transaction, the director owned 12,187 shares in the company, valued at approximately $1,033,945.08. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin Duster, IV sold 6,000 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $86.09, for a total transaction of $516,540.00. Following the completion of the sale, the director directly owned 11,187 shares in the company, valued at approximately $963,088.83. This represents a 34.91% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,094 shares of company stock worth $2,244,487. 2.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WFRD shares. UBS Group upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and raised their price target for the company from $113.00 to $114.00 in a research note on Wednesday, July 29th. Weiss Ratings cut shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Weatherford International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Barclays cut their target price on shares of Weatherford International from $154.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Raymond James Financial decreased their target price on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Weatherford International Stock Performance

Shares of WFRD stock opened at $88.85 on Friday. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.52 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $88.66 and its 200-day moving average price is $95.08. Weatherford International PLC has a 12 month low of $60.84 and a 12 month high of $113.15.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.35). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 EPS. Equities research analysts forecast that Weatherford International PLC will post 5.22 EPS for the current year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 6th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. Weatherford International’s dividend payout ratio is 21.70%.

Weatherford International Company Profile

Weatherford International plc (NASDAQ: WFRD) is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the exploration, drilling, completion, production and intervention of onshore and offshore wells.

The company’s portfolio includes drilling and well-construction systems, formation evaluation tools, well-completion equipment, production optimization technologies, artificial-lift systems and well-intervention services.