Desmond J. Mills Sells 19,425 Shares of Weatherford International plc (NASDAQ:WFRD) Stock

Weatherford International plc (NASDAQ:WFRD) CAO Desmond J. Mills sold 19,425 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.51, for a total value of $1,311,381.75. Following the completion of the sale, the chief accounting officer now owns 17,899 shares of the company’s stock, valued at approximately $1,208,361.49. This trade represents a 52.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Weatherford International Price Performance

NASDAQ:WFRD opened at $67.29 on Wednesday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.48 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80. The stock has a fifty day moving average of $71.01 and a 200 day moving average of $85.17. Weatherford International plc has a 52-week low of $60.45 and a 52-week high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, research analysts expect that Weatherford International plc will post 6.14 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International’s dividend payout ratio is presently 14.88%.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its position in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in Weatherford International in the fourth quarter valued at about $29,000. Farther Finance Advisors LLC raised its holdings in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after purchasing an additional 281 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Weatherford International during the third quarter valued at about $34,000. Finally, R Squared Ltd bought a new stake in shares of Weatherford International in the 4th quarter valued at about $36,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler cut their target price on Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday. Barclays cut their price objective 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. Evercore ISI decreased their target price on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Citigroup cut their price target on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Benchmark decreased their price objective on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

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.