Rokos Capital Management LLP Purchases New Position in Weatherford International PLC $WFRD

Rokos Capital Management LLP acquired a new position in shares of Weatherford International PLC (NASDAQ:WFRD) during the 1st quarter, Holdings Channel reports. The fund acquired 10,322 shares of the company’s stock, valued at approximately $976,000.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Weatherford International by 1,040.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,244,464 shares of the company’s stock worth $97,392,000 after purchasing an additional 1,135,338 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Weatherford International by 77.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 537,851 shares of the company’s stock valued at $42,092,000 after buying an additional 234,989 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Weatherford International by 34.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 71,747 shares of the company’s stock worth $5,615,000 after buying an additional 18,224 shares during the period. GeoSphere Capital Management LLC raised its stake in Weatherford International by 70.0% during the 4th quarter. GeoSphere Capital Management LLC now owns 42,500 shares of the company’s stock worth $3,326,000 after buying an additional 17,500 shares during the period. Finally, Horizon Investments LLC bought a new position in Weatherford International during the fourth quarter worth about $1,389,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen cut Weatherford International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays cut their price objective on Weatherford International from $154.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group increased their target price on Weatherford International from $105.00 to $113.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Citigroup dropped their target price on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Finally, Weiss Ratings lowered shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.44.

Weatherford International Stock Performance

WFRD opened at $85.92 on Tuesday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.12 and a beta of 0.86. The business’s 50-day moving average price is $92.75 and its two-hundred day moving average price is $95.87. Weatherford International PLC has a 1 year low of $52.70 and a 1 year high of $113.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.35). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 earnings per share. Equities analysts expect that Weatherford International PLC will post 5.42 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 6th will be paid a $0.275 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.10 annualized dividend and a yield of 1.3%. Weatherford International’s payout ratio is presently 21.70%.

Weatherford International Profile

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.