16,531 Shares in Weatherford International plc (NASDAQ:WFRD) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in Weatherford International plc (NASDAQ:WFRD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,531 shares of the company’s stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in Weatherford International by 130.8% during the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Huntington National Bank lifted its position in Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in shares of Weatherford International during the fourth quarter worth about $29,000. R Squared Ltd acquired a new stake in shares of Weatherford International during the fourth quarter worth about $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of Weatherford International by 643.0% in the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock valued at $92,000 after purchasing an additional 1,106 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Desmond J. Mills sold 19,425 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.51, for a total value of $1,311,381.75. Following the sale, the chief accounting officer now owns 17,899 shares in the company, valued at approximately $1,208,361.49. The trade was a 52.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,692 shares of company stock worth $6,207,725. 1.60% of the stock is owned by company insiders.

Weatherford International Price Performance

Shares of WFRD opened at $39.79 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average is $59.85 and its two-hundred day moving average is $73.41. Weatherford International plc has a twelve month low of $36.99 and a twelve month high of $135.00. The firm has a market capitalization of $2.90 billion, a PE ratio of 5.92, a P/E/G ratio of 1.65 and a beta of 0.70.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Research analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio is currently 14.88%.

Analyst Ratings Changes

Several research firms have commented on WFRD. Barclays cut their price target on Weatherford International from $92.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Piper Sandler cut their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Raymond James decreased their price target on shares of Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Benchmark reduced their target price on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Two investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.75.

About Weatherford International

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.