UBS Group AG Sells 91,706 Shares of Weatherford International PLC $WFRD

UBS Group AG lessened its holdings in shares of Weatherford International PLC (NASDAQ:WFRDFree Report) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,790 shares of the company’s stock after selling 91,706 shares during the quarter. UBS Group AG owned about 0.27% of Weatherford International worth $15,401,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WFRD. Royal Bank of Canada boosted its position in shares of Weatherford International by 223.0% during the 1st quarter. Royal Bank of Canada now owns 122,662 shares of the company’s stock valued at $6,568,000 after acquiring an additional 84,684 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Weatherford International by 129.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 143,703 shares of the company’s stock valued at $7,695,000 after acquiring an additional 81,046 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Weatherford International during the 1st quarter valued at about $258,000. Cetera Investment Advisers boosted its position in shares of Weatherford International by 26.8% during the 2nd quarter. Cetera Investment Advisers now owns 12,764 shares of the company’s stock valued at $642,000 after acquiring an additional 2,695 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $109.08 on Thursday. The business has a 50 day moving average of $98.00 and a 200 day moving average of $89.24. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.25 and a beta of 0.87. Weatherford International PLC has a 1-year low of $42.75 and a 1-year high of $112.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.31 and a quick ratio of 1.73.

Weatherford International (NASDAQ:WFRDGet Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.47. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.Weatherford International’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. On average, sell-side analysts predict that Weatherford International PLC will post 6.07 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 6th will be given a $0.275 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. Weatherford International’s payout ratio is presently 17.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research downgraded Weatherford International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded Weatherford International from a “hold” rating to a “buy” rating in a research report on Sunday. The Goldman Sachs Group lifted their price target on Weatherford International from $83.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Piper Sandler boosted their target price on Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Barclays boosted their target price on Weatherford International from $111.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.33.

Read Our Latest Stock Analysis on Weatherford International

Weatherford International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weatherford International (NASDAQ:WFRD)

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