Diversified Trust Co Takes $419,000 Position in Weatherford International PLC (NASDAQ:WFRD)

Diversified Trust Co purchased a new position in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,821 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds also recently made changes to their positions in WFRD. Bank of New York Mellon Corp increased its position in shares of Weatherford International by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 719,192 shares of the company's stock valued at $51,516,000 after acquiring an additional 109,783 shares during the last quarter. New York Life Investment Management LLC bought a new position in Weatherford International in the fourth quarter valued at approximately $546,000. Norden Group LLC increased its position in shares of Weatherford International by 33.4% during the 4th quarter. Norden Group LLC now owns 6,206 shares of the company's stock worth $445,000 after purchasing an additional 1,553 shares during the last quarter. Keybank National Association OH raised its stake in shares of Weatherford International by 45.8% during the 4th quarter. Keybank National Association OH now owns 8,884 shares of the company's stock worth $636,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Weatherford International by 132.1% during the 4th quarter. Victory Capital Management Inc. now owns 728,266 shares of the company's stock worth $52,166,000 after purchasing an additional 414,528 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Neal P. Goldman bought 12,000 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of $42.04 per share, with a total value of $504,480.00. Following the completion of the acquisition, the director owned 25,311 shares of the company's stock, valued at $1,064,074.44. This represents a 90.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Piper Sandler dropped their target price on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Raymond James Financial downgraded shares of 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 note on Thursday, April 24th. Finally, Citigroup lowered their price target on Weatherford International from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.63.

Weatherford International Stock Performance

WFRD traded down $1.15 on Friday, reaching $54.18. The company had a trading volume of 715,937 shares, compared to its average volume of 1,179,380. The stock has a market cap of $3.93 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.52 and a current ratio of 2.08. Weatherford International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $135.00. The company's fifty day moving average is $47.71 and its 200 day moving average is $56.02.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.89 by $0.14. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Weatherford International had a return on equity of 35.88% and a net margin of 8.79%. As a group, analysts predict that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Tuesday, May 6th. Weatherford International's dividend payout ratio is 16.00%.

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.