Weatherford International plc (NASDAQ:WFRD) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its holdings in Weatherford International plc (NASDAQ:WFRD) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,713 shares of the company’s stock after selling 4,408 shares during the quarter. Hantz Financial Services Inc.’s holdings in Weatherford International were worth $5,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Weatherford International by 551.1% during the third quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company’s stock worth $122,356,000 after purchasing an additional 1,219,553 shares during the last quarter. FMR LLC raised its stake in shares of Weatherford International by 36.7% during the third quarter. FMR LLC now owns 3,573,003 shares of the company’s stock worth $303,419,000 after purchasing an additional 959,783 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Weatherford International by 30.6% during the third quarter. Jennison Associates LLC now owns 1,324,101 shares of the company’s stock worth $112,443,000 after purchasing an additional 310,259 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Weatherford International by 402.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company’s stock worth $27,555,000 after purchasing an additional 259,924 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Weatherford International by 63.3% during the third quarter. Franklin Resources Inc. now owns 461,790 shares of the company’s stock worth $43,007,000 after purchasing an additional 179,064 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Down 0.7 %

Weatherford International stock opened at $65.74 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. Weatherford International plc has a fifty-two week low of $65.41 and a fifty-two week high of $135.00. The stock’s fifty day moving average is $74.30 and its two-hundred day moving average is $89.40.

Wall Street Analyst Weigh In

WFRD has been the subject of several analyst reports. The Goldman Sachs Group cut Weatherford International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $98.00 in a research note on Friday, December 13th. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a report on Thursday, October 24th. Bank of America dropped their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI dropped their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Piper Sandler started coverage on Weatherford International in a report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Insider Buying and Selling at Weatherford International

In related news, EVP David John Reed sold 4,762 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the sale, the executive vice president now owns 11,109 shares of the company’s stock, valued at $807,179.94. This trade represents a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Weatherford International 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.