De Lisle Partners LLP Invests $3.03 Million in Weatherford International PLC $WFRD

De Lisle Partners LLP bought a new position in shares of Weatherford International PLC (NASDAQ:WFRD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 38,700 shares of the company’s stock, valued at approximately $3,029,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Weatherford International by 379.2% during the 4th quarter. Wells Fargo & Company MN now owns 23,628 shares of the company’s stock worth $1,849,000 after acquiring an additional 18,697 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Weatherford International during the 4th quarter worth approximately $429,000. HRT Financial LP purchased a new position in Weatherford International during the 4th quarter worth approximately $3,100,000. Brooklyn Investment Group purchased a new position in Weatherford International during the 4th quarter worth approximately $218,000. Finally, Orion Porfolio Solutions LLC purchased a new position in Weatherford International during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WFRD shares. Wall Street Zen upgraded Weatherford International from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Piper Sandler raised their price target on Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Barclays raised their price target on Weatherford International from $111.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Citigroup raised their price target on Weatherford International from $134.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings downgraded Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Weatherford International has an average rating of “Moderate Buy” and an average target price of $110.67.

Weatherford International Trading Up 0.3%

Shares of WFRD stock opened at $101.31 on Friday. The business’s 50 day moving average is $104.02 and its two-hundred day moving average is $94.16. Weatherford International PLC has a twelve month low of $46.20 and a twelve month high of $113.15. The company has a market capitalization of $7.29 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.82. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 0.83.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.47. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was down 3.4% on a year-over-year basis. Equities analysts forecast that Weatherford International PLC will post 6.13 EPS for the current year.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 6th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 6th. Weatherford International’s dividend payout ratio (DPR) is 17.21%.

Weatherford International Company Profile

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.