Capital World Investors Raises Holdings in Weatherford International plc (NASDAQ:WFRD)

Capital World Investors raised its holdings in Weatherford International plc (NASDAQ:WFRD) by 0.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,175,996 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Capital World Investors owned 1.61% of Weatherford International worth $135,733,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Weatherford International during the 4th quarter worth about $27,000. Parallel Advisors LLC increased its position in shares of Weatherford International by 189.0% during the fourth quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after acquiring an additional 189 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Weatherford International by 539.1% in the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the period. CWM LLC lifted its holdings in shares of Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after acquiring an additional 185 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Weatherford International in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore ISI boosted their target price on Weatherford International from $130.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Barclays increased their target price on Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research report on Wednesday. Citigroup assumed coverage on shares of Weatherford International in a research report on Tuesday, May 14th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Piper Sandler lifted their price objective on shares of Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weatherford International presently has a consensus rating of “Buy” and an average price target of $153.88.

Weatherford International Stock Down 0.3 %

NASDAQ:WFRD traded down $0.38 during mid-day trading on Friday, hitting $117.38. The stock had a trading volume of 1,673,325 shares, compared to its average volume of 1,269,963. Weatherford International plc has a twelve month low of $78.53 and a twelve month high of $135.00. The stock has a 50-day simple moving average of $120.43 and a two-hundred day simple moving average of $113.19. The company has a current ratio of 1.99, a quick ratio of 1.37 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $8.59 billion, a PE ratio of 18.99, a PEG ratio of 0.79 and a beta of 0.64.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.08). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. Weatherford International’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. On average, equities research analysts anticipate that Weatherford International plc will post 7.09 EPS for the current year.

Weatherford International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%.

Weatherford International Company Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.