Weatherford International plc (NASDAQ:WFRD) EVP Sells $2,944,895.85 in Stock

Weatherford International plc (NASDAQ:WFRD) EVP Scott C. Weatherholt sold 44,505 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value of $2,944,895.85. Following the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Weatherford International Stock Performance

Shares of WFRD stock opened at $62.95 on Monday. The stock has a market cap of $4.57 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.41 and a beta of 0.64. The company has a fifty day moving average price of $73.43 and a two-hundred day moving average price of $88.14. Weatherford International plc has a one year low of $61.97 and a one year high of $135.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

Analyst Ratings Changes

Several research analysts have recently commented on WFRD shares. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research report on Thursday, October 24th. Bank of America cut their target price on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Citigroup dropped their target price on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group cut Weatherford International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $98.00 in a research note on Friday, December 13th. Finally, Barclays reduced their price target on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and an average price target of $121.25.

Hedge Funds Weigh In On Weatherford International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Weatherford International during the 3rd quarter valued at $571,000. Barclays PLC raised its holdings in shares of Weatherford International by 59.4% during the third quarter. Barclays PLC now owns 31,349 shares of the company’s stock valued at $2,663,000 after purchasing an additional 11,680 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Weatherford International by 1,138.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 32,124 shares of the company’s stock worth $2,728,000 after buying an additional 29,530 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Weatherford International by 6.8% in the 3rd quarter. New York State Common Retirement Fund now owns 203,106 shares of the company’s stock worth $17,248,000 after purchasing an additional 13,007 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in Weatherford International by 67.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 143,900 shares of the company’s stock valued at $12,220,000 after acquiring an additional 57,866 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.