11,198 Shares in Weatherford International plc (NASDAQ:WFRD) Purchased by Crestline Management LP

Crestline Management LP bought 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,198 shares of the company's stock, valued at approximately $802,000.

Other hedge funds also recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new position in shares of Weatherford International during the fourth quarter worth $3,701,000. BNP Paribas Financial Markets acquired a new position in shares of Weatherford International during the fourth quarter worth $3,028,000. Atlantic Investment Management Inc. increased its position in shares of Weatherford International by 55.9% during the fourth quarter. Atlantic Investment Management Inc. now owns 438,109 shares of the company's stock worth $31,382,000 after purchasing an additional 157,000 shares in the last quarter. Alden Global Capital LLC increased its position in shares of Weatherford International by 113.8% during the fourth quarter. Alden Global Capital LLC now owns 22,268 shares of the company's stock worth $1,595,000 after purchasing an additional 11,855 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Weatherford International by 31.2% in the 4th quarter. Northern Trust Corp now owns 669,040 shares of the company's stock valued at $47,923,000 after purchasing an additional 159,160 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on WFRD shares. Citigroup decreased their price objective on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday. Piper Sandler cut their target price on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. 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. Barclays cut their target price on Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, Raymond James downgraded Weatherford International from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Weatherford International has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

Weatherford International Price Performance

Shares of NASDAQ:WFRD traded down $1.92 during trading on Thursday, reaching $48.07. 275,358 shares of the company's stock traded hands, compared to its average volume of 1,156,509. Weatherford International plc has a fifty-two week low of $36.74 and a fifty-two week high of $135.00. 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 firm has a market cap of $3.49 billion, a PE ratio of 7.15, a P/E/G ratio of 1.65 and a beta of 0.73. The company has a 50-day simple moving average of $47.37 and a 200-day simple moving average of $64.31.

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

Weatherford International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, May 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 annualized dividend and a yield of 2.08%. Weatherford International's dividend payout ratio (DPR) is currently 16.00%.

Insider Activity at Weatherford International

In related news, Director Neal P. Goldman acquired 12,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was 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. This represents a 90.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.09% of the stock is owned by insiders.

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.