Knights of Columbus Asset Advisors LLC Sells 58,482 Shares of Weatherford International PLC $WFRD

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Weatherford International PLC (NASDAQ:WFRD) by 80.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,452 shares of the company’s stock after selling 58,482 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Weatherford International were worth $1,137,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in shares of Weatherford International by 3,125.3% during the 2nd quarter. Squarepoint Ops LLC now owns 71,731 shares of the company’s stock worth $5,846,000 after purchasing an additional 69,507 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Weatherford International by 11.9% in the 2nd quarter. Baird Financial Group Inc. now owns 156,542 shares of the company’s stock worth $12,758,000 after purchasing an additional 16,605 shares during the last quarter. Readystate Asset Management LP acquired a new position in Weatherford International during the 2nd quarter valued at approximately $15,269,000. California Public Employees Retirement System boosted its position in Weatherford International by 13.8% during the 1st quarter. California Public Employees Retirement System now owns 171,477 shares of the company’s stock valued at $16,218,000 after purchasing an additional 20,803 shares during the period. Finally, Tidal Investments LLC grew its stake in Weatherford International by 19.3% during the 2nd quarter. Tidal Investments LLC now owns 89,847 shares of the company’s stock worth $7,323,000 after buying an additional 14,537 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Trading Down 1.4%

Weatherford International stock opened at $85.51 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.47 and a beta of 0.83. Weatherford International PLC has a 1 year low of $68.49 and a 1 year high of $113.15. The firm’s 50 day moving average price is $83.94 and its two-hundred day moving average price is $92.79.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. Weatherford International had a return on equity of 22.39% and a net margin of 8.64%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. On average, research analysts predict that Weatherford International PLC will post 5.57 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.2750 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. Weatherford International’s payout ratio is 19.61%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Weatherford International from $148.00 to $139.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. UBS Group cut their price target on Weatherford International from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Piper Sandler reduced their price objective on Weatherford International from $118.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Zacks Research upgraded Weatherford International from a “strong sell” rating to a “hold” rating in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group decreased their price objective on Weatherford International from $106.00 to $94.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Weatherford International currently has an average rating of “Moderate Buy” and a consensus price target of $115.57.

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to oil and natural gas operators. Its offerings support multiple stages of the well lifecycle, including drilling and construction, formation evaluation, completion, production and well intervention. The company’s products and services include artificial-lift systems, drilling and well-construction technologies, completion tools, production optimization, and digital solutions for monitoring and managing operations.