8,429 Shares in Weatherford International PLC $WFRD Acquired by Csenge Advisory Group

Csenge Advisory Group bought a new position in shares of Weatherford International PLC (NASDAQ:WFRD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,429 shares of the company’s stock, valued at approximately $660,000.

A number of other large investors have also bought and sold shares of the business. TD Private Client Wealth LLC grew its stake in shares of Weatherford International by 4.2% during the 4th quarter. TD Private Client Wealth LLC now owns 3,219 shares of the company’s stock worth $252,000 after acquiring an additional 130 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Weatherford International by 3.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,662 shares of the company’s stock worth $319,000 after acquiring an additional 167 shares in the last quarter. CWM LLC grew its stake in shares of Weatherford International by 2.3% during the 4th quarter. CWM LLC now owns 7,711 shares of the company’s stock worth $603,000 after acquiring an additional 170 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Weatherford International by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 21,431 shares of the company’s stock worth $1,467,000 after acquiring an additional 190 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Weatherford International by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 33,245 shares of the company’s stock worth $1,673,000 after acquiring an additional 225 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WFRD. The Goldman Sachs Group raised their price target on shares of Weatherford International from $83.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Wall Street Zen cut shares of Weatherford International from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup raised their price target on shares of Weatherford International from $115.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays raised their price target on shares of Weatherford International from $111.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings cut shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.33.

Weatherford International Trading Down 1.2%

NASDAQ WFRD opened at $110.02 on Friday. The company has a market cap of $7.91 billion, a PE ratio of 17.22, a PEG ratio of 1.00 and a beta of 0.87. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 0.83. Weatherford International PLC has a 12 month low of $42.75 and a 12 month high of $113.15. The stock has a 50 day moving average of $99.95 and a 200-day moving average of $90.85.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.02 by $0.47. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Weatherford International PLC will post 6.13 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 6th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.10 annualized dividend and a yield of 1.0%. Weatherford International’s dividend payout ratio (DPR) is currently 17.21%.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.