Capstone Investment Advisors LLC Acquires Shares of 51,664 Weatherford International plc (NASDAQ:WFRD)

Capstone Investment Advisors LLC bought a new position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 51,664 shares of the company's stock, valued at approximately $3,701,000. Capstone Investment Advisors LLC owned 0.07% of Weatherford International at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in WFRD. New York Life Investment Management LLC purchased a new position in Weatherford International in the fourth quarter valued at about $546,000. Amundi increased its position in Weatherford International by 154.7% in the fourth quarter. Amundi now owns 38,993 shares of the company's stock worth $2,813,000 after buying an additional 23,685 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Weatherford International by 9.5% in the fourth quarter. William Blair Investment Management LLC now owns 500,005 shares of the company's stock valued at $35,815,000 after buying an additional 43,182 shares during the period. Raymond James Financial Inc. purchased a new stake in Weatherford International during the fourth quarter valued at about $7,215,000. Finally, American Century Companies Inc. boosted its position in Weatherford International by 29.4% during the fourth quarter. American Century Companies Inc. now owns 280,510 shares of the company's stock worth $20,093,000 after purchasing an additional 63,775 shares during the period. Institutional investors own 97.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on WFRD shares. Benchmark lowered their price target on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Piper Sandler cut their price target on Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Barclays reduced their price target on Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Raymond James cut Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $73.00 to $69.00 in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Weatherford International has an average rating of "Moderate Buy" and a consensus target price of $99.75.

Weatherford International Price Performance

Weatherford International stock opened at $44.73 on Monday. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 1.65 and a beta of 0.70. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $49.21 and a 200 day simple moving average of $66.07. Weatherford International plc has a 52 week low of $36.74 and a 52 week high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.89 by $0.14. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, research analysts forecast that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, May 6th. Weatherford International's dividend payout ratio (DPR) is currently 16.00%.

Insider Transactions at Weatherford International

In other news, Director Neal P. Goldman acquired 12,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average cost of $42.04 per share, with a total value of $504,480.00. Following the acquisition, the director now owns 25,311 shares in the company, valued at approximately $1,064,074.44. This represents a 90.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Desmond J. Mills sold 19,425 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 17,899 shares of the company's stock, valued at approximately $1,208,361.49. This represents a 52.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,425 shares of company stock valued at $2,916,822. Insiders own 1.60% of the company's stock.

About Weatherford International

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.

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