187,350 Shares in Weatherford International PLC $WFRD Bought by Readystate Asset Management LP

Readystate Asset Management LP bought a new stake in Weatherford International PLC (NASDAQ:WFRDFree Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 187,350 shares of the company’s stock, valued at approximately $15,269,000.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Weatherford International by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,156,773 shares of the company’s stock worth $403,571,000 after acquiring an additional 281,984 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Weatherford International by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,928,226 shares of the company’s stock valued at $150,903,000 after purchasing an additional 66,553 shares during the period. First Trust Advisors LP lifted its stake in shares of Weatherford International by 12.4% in the 1st quarter. First Trust Advisors LP now owns 1,760,467 shares of the company’s stock valued at $166,505,000 after purchasing an additional 194,654 shares during the period. Holocene Advisors LP boosted its position in shares of Weatherford International by 712.8% during the 2nd quarter. Holocene Advisors LP now owns 1,646,034 shares of the company’s stock valued at $82,812,000 after purchasing an additional 1,443,512 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Weatherford International by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,539,727 shares of the company’s stock valued at $120,505,000 after purchasing an additional 238,154 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

Shares of Weatherford International stock opened at $95.88 on Monday. Weatherford International PLC has a one year low of $60.23 and a one year high of $113.15. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.64 and a beta of 0.90. The business has a 50-day simple moving average of $87.61 and a 200 day simple moving average of $95.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77.

Weatherford International (NASDAQ:WFRDGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.35). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The firm’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. On average, research analysts anticipate that Weatherford International PLC will post 5.22 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 6th. Weatherford International’s dividend payout ratio (DPR) is currently 21.70%.

Insider Transactions at Weatherford International

In related news, Director Neal Goldman sold 16,000 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $84.84, for a total value of $1,357,440.00. Following the transaction, the director owned 12,187 shares of the company’s stock, valued at approximately $1,033,945.08. This trade represents a 56.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Duster, IV sold 6,000 shares of Weatherford International stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $86.09, for a total value of $516,540.00. Following the transaction, the director owned 11,187 shares of the company’s stock, valued at $963,088.83. This trade represents a 34.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,094 shares of company stock valued at $2,244,487 over the last three months. Corporate insiders own 2.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WFRD shares. Citigroup lowered their target price on Weatherford International from $137.00 to $115.00 and set a “buy” rating for the company in a report on Friday, June 26th. UBS Group upgraded Weatherford International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $113.00 to $114.00 in a report on Wednesday, July 29th. Zacks Research downgraded shares of Weatherford International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Raymond James Financial lowered their price objective on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Weatherford International presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.25.

Read Our Latest Research Report on Weatherford International

About Weatherford International

(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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