Assetmark Inc. increased its position in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) by 141,810.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,191 shares of the company's stock after purchasing an additional 14,181 shares during the period. Assetmark Inc.'s holdings in Weatherford International were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Royce & Associates LP increased its position in Weatherford International by 33.4% during the 1st quarter. Royce & Associates LP now owns 133,907 shares of the company's stock worth $7,171,000 after buying an additional 33,540 shares during the period. Oak Thistle LLC bought a new position in Weatherford International during the first quarter worth about $293,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Weatherford International by 37.0% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,465 shares of the company's stock worth $346,000 after purchasing an additional 1,746 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Weatherford International in the 1st quarter valued at about $219,000. Finally, Gallacher Capital Management LLC acquired a new position in shares of Weatherford International during the 1st quarter worth approximately $228,000. 97.23% of the stock is currently owned by institutional investors.
Weatherford International Stock Performance
Weatherford International stock opened at $56.55 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.06 billion, a PE ratio of 8.75, a P/E/G ratio of 1.69 and a beta of 0.76. Weatherford International PLC has a 12-month low of $36.74 and a 12-month high of $118.37. The business's 50-day moving average price is $51.91 and its two-hundred day moving average price is $54.03.
Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.90. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The firm's quarterly revenue was down 14.3% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS. As a group, analysts expect 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 will be paid on Thursday, September 4th. Investors of record on Wednesday, August 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Weatherford International's dividend payout ratio (DPR) is 15.48%.
Analyst Upgrades and Downgrades
WFRD has been the subject of a number of analyst reports. Barclays dropped their price target on shares of Weatherford International from $77.00 to $73.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Citigroup dropped their price objective on Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Piper Sandler upgraded Weatherford International from a "neutral" rating to an "overweight" rating and upped their target price for the company from $62.00 to $73.00 in a research report on Monday. Finally, Raymond James Financial restated an "outperform" rating and issued a $70.00 price target (up previously from $69.00) on shares of Weatherford International in a research report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.
Get Our Latest Research Report on Weatherford International
Weatherford International Company Profile
(
Free Report)
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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