WINTON GROUP Ltd Has $1.16 Million Position in Weatherford International plc (NASDAQ:WFRD)

WINTON GROUP Ltd cut its stake in shares of Weatherford International plc (NASDAQ:WFRD) by 1.9% during the 2nd quarter, Holdings Channel reports. The fund owned 9,470 shares of the company’s stock after selling 184 shares during the period. WINTON GROUP Ltd’s holdings in Weatherford International were worth $1,160,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Weatherford International during the 1st quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new position in Weatherford International during the 1st quarter worth approximately $33,000. Parallel Advisors LLC boosted its holdings in Weatherford International by 189.0% in the fourth quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock worth $28,000 after acquiring an additional 189 shares in the last quarter. Rise Advisors LLC acquired a new stake in Weatherford International in the first quarter valued at approximately $34,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Weatherford International by 539.1% during the fourth quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Weatherford International Price Performance

Shares of NASDAQ WFRD opened at $91.53 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.99 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $6.70 billion, a PE ratio of 14.81, a PEG ratio of 0.64 and a beta of 0.61. The stock’s 50 day moving average price is $110.20 and its 200-day moving average price is $115.13. Weatherford International plc has a twelve month low of $82.16 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. On average, equities analysts anticipate that Weatherford International plc will post 6.81 EPS for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, August 13th. Weatherford International’s dividend payout ratio is 16.18%.

Insider Buying and Selling at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Weatherford International from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Barclays boosted their target price on shares of Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Raymond James dropped their price target on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Finally, Benchmark reissued a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a report on Wednesday, July 24th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $153.88.

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.