WINTON GROUP Ltd Has $1.62 Million Stock Position in Weatherford International PLC $WFRD

WINTON GROUP Ltd cut its stake in Weatherford International PLC (NASDAQ:WFRD) by 24.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,867 shares of the company’s stock after selling 6,599 shares during the period. WINTON GROUP Ltd’s holdings in Weatherford International were worth $1,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Weatherford International in the 2nd quarter worth approximately $172,000. IFP Advisors Inc increased its position in shares of Weatherford International by 72.0% during the second quarter. IFP Advisors Inc now owns 313 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the period. Squarepoint Ops LLC raised its stake in Weatherford International by 3,125.3% during the second quarter. Squarepoint Ops LLC now owns 71,731 shares of the company’s stock worth $5,846,000 after buying an additional 69,507 shares during the last quarter. Baird Financial Group Inc. raised its stake in Weatherford International by 11.9% during the second quarter. Baird Financial Group Inc. now owns 156,542 shares of the company’s stock worth $12,758,000 after buying an additional 16,605 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Weatherford International by 31.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,770 shares of the company’s stock worth $144,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jacqueline Mutschler sold 4,094 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $90.50, for a total transaction of $370,507.00. Following the transaction, the director directly owned 29,093 shares of the company’s stock, valued at approximately $2,632,916.50. This represents a 12.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neal Goldman sold 16,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $84.84, for a total value of $1,357,440.00. Following the completion of the transaction, the director owned 12,187 shares in the company, valued at approximately $1,033,945.08. The trade was a 56.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,094 shares of company stock valued at $2,244,487. 2.07% of the stock is owned by company insiders.

Weatherford International Trading Down 1.2%

NASDAQ:WFRD opened at $88.85 on Friday. Weatherford International PLC has a 12 month low of $60.84 and a 12 month high of $113.15. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.52 and a beta of 0.90. The firm has a fifty day simple moving average of $88.66 and a two-hundred day simple moving average of $95.08.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.35). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. Weatherford International’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. Analysts expect that Weatherford International PLC will post 5.22 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 6th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. Weatherford International’s payout ratio is presently 21.70%.

Analysts Set New Price Targets

WFRD has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Weatherford International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Raymond James Financial lowered their price objective on Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. UBS Group raised Weatherford International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $113.00 to $114.00 in a research note on Wednesday, July 29th. Weiss Ratings lowered Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Citigroup decreased their target price on Weatherford International from $137.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average price target of $114.25.

About Weatherford International

Weatherford International plc (NASDAQ: WFRD) is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the exploration, drilling, completion, production and intervention of onshore and offshore wells.

The company’s portfolio includes drilling and well-construction systems, formation evaluation tools, well-completion equipment, production optimization technologies, artificial-lift systems and well-intervention services.