Janus Henderson Group PLC Cuts Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Janus Henderson Group PLC lowered its stake in Weatherford International plc (NASDAQ:WFRD) by 0.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 261,500 shares of the company’s stock after selling 886 shares during the period. Janus Henderson Group PLC’s holdings in Weatherford International were worth $30,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WFRD. Parallel Advisors LLC increased its stake in Weatherford International by 189.0% in the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock worth $28,000 after purchasing an additional 189 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Weatherford International by 539.1% in the fourth quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the period. Transcendent Capital Group LLC bought a new stake in Weatherford International during the 1st quarter valued at $29,000. CWM LLC boosted its position in Weatherford International by 145.7% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after buying an additional 185 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Weatherford International in the 1st quarter worth $33,000. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Up 1.3 %

WFRD traded up $1.49 during trading on Wednesday, reaching $116.18. The stock had a trading volume of 148,121 shares, compared to its average volume of 876,519. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.79 and a beta of 0.64. The stock’s 50 day moving average is $120.05 and its two-hundred day moving average is $113.82. Weatherford International plc has a one year low of $80.52 and a one year high of $135.00.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results 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). Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts expect that Weatherford International plc will post 6.91 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%.

Analysts Set New Price Targets

WFRD has been the subject of a number of analyst reports. Evercore ISI increased their target price on shares of Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research report on Wednesday, July 24th. Raymond James cut their price objective on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Piper Sandler upped their target price on Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Citigroup started coverage on shares of Weatherford International in a report on Tuesday, May 14th. They issued a “buy” rating and a $155.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weatherford International currently has a consensus rating of “Buy” and a consensus price target of $153.88.

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.