Weatherford International PLC (WFRD) to Distribute Quarterly Dividend of $0.28 on December 3rd

Weatherford International PLC (NASDAQ:WFRD) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.2750 per share on Thursday, December 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 6th.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $87.70 on Wednesday. The company’s 50-day moving average is $85.08 and its 200 day moving average is $92.86. 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 company has a market capitalization of $6.36 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.83. Weatherford International has a fifty-two week low of $68.49 and a fifty-two week high of $113.15.

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

Insider Buying and Selling

In other Weatherford International news, Director Jacqueline Mutschler sold 4,094 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $90.50, for a total value of $370,507.00. Following the completion of the sale, the director directly owned 29,093 shares of the company’s stock, valued at $2,632,916.50. This represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Weatherford International

Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in shares of Weatherford International by 72.0% in the second quarter. IFP Advisors Inc now owns 313 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Weatherford International by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 4,914 shares of the company’s stock valued at $385,000 after buying an additional 146 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Weatherford International by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,851 shares of the company’s stock valued at $364,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC raised its position in Weatherford International by 9.0% in the second quarter. GAMMA Investing LLC now owns 2,191 shares of the company’s stock worth $179,000 after acquiring an additional 181 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Weatherford International by 32.8% in the first quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $88,000 after acquiring an additional 231 shares during the period. Institutional investors own 97.23% of the company’s stock.

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.