91,646 Shares in Weatherford International plc (NASDAQ:WFRD) Purchased by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC acquired a new position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 91,646 shares of the company's stock, valued at approximately $6,565,000. Weatherford International makes up 3.1% of Corigliano Investment Advisers LLC's investment portfolio, making the stock its 15th biggest holding. Corigliano Investment Advisers LLC owned approximately 0.13% of Weatherford International as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFRD. Barclays PLC boosted its holdings in shares of Weatherford International by 59.4% during the third quarter. Barclays PLC now owns 31,349 shares of the company's stock worth $2,663,000 after purchasing an additional 11,680 shares during the last quarter. Tidal Investments LLC boosted its stake in Weatherford International by 39.3% in the 3rd quarter. Tidal Investments LLC now owns 7,173 shares of the company's stock worth $609,000 after buying an additional 2,022 shares during the last quarter. Franklin Resources Inc. grew its holdings in Weatherford International by 63.3% in the 3rd quarter. Franklin Resources Inc. now owns 461,790 shares of the company's stock valued at $43,007,000 after buying an additional 179,064 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Weatherford International during the 4th quarter valued at about $293,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Weatherford International during the 4th quarter worth about $157,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insiders Place Their Bets

In other Weatherford International news, Director Neal P. Goldman bought 12,000 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were acquired at an average cost of $42.04 per share, with a total value of $504,480.00. Following the completion of the transaction, the director now owns 25,311 shares in the company, valued at $1,064,074.44. The trade was a 90.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Weatherford International Stock Up 1.1 %

Shares of NASDAQ WFRD traded up $0.51 on Friday, hitting $46.07. The company had a trading volume of 1,765,395 shares, compared to its average volume of 1,153,318. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. Weatherford International plc has a 12-month low of $36.74 and a 12-month high of $135.00. The firm has a market capitalization of $3.34 billion, a P/E ratio of 6.86, a PEG ratio of 1.65 and a beta of 0.73. The business has a 50 day moving average of $47.70 and a two-hundred day moving average of $64.94.

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

Weatherford International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, May 6th. Weatherford International's dividend payout ratio (DPR) is 16.00%.

Wall Street Analyst Weigh In

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

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.