GAMMA Investing LLC Has $1.85 Million Stock Holdings in Weatherford International PLC (NASDAQ:WFRD)

GAMMA Investing LLC increased its holdings in Weatherford International PLC (NASDAQ:WFRD - Free Report) by 8,243.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,540 shares of the company's stock after purchasing an additional 34,126 shares during the period. GAMMA Investing LLC's holdings in Weatherford International were worth $1,850,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WFRD. Lindbrook Capital LLC boosted its holdings in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Huntington National Bank boosted its holdings in Weatherford International by 190.4% during the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after acquiring an additional 257 shares during the period. Zions Bancorporation N.A. bought a new stake in Weatherford International during the fourth quarter valued at about $29,000. Covestor Ltd boosted its holdings in Weatherford International by 30.1% during the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after acquiring an additional 214 shares during the period. Finally, Mattson Financial Services LLC bought a new stake in Weatherford International during the fourth quarter valued at about $73,000. 97.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Weatherford International news, Director Neal P. Goldman purchased 12,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $42.04 per share, for a total transaction of $504,480.00. Following the completion of the purchase, the director now directly owns 25,311 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.09% of the company's stock.

Weatherford International Stock Performance

Shares of WFRD traded down $0.57 during trading hours on Wednesday, reaching $51.18. 1,061,345 shares of the company traded hands, compared to its average volume of 1,194,231. The stock's fifty day moving average is $46.17 and its 200 day moving average is $58.22. The stock has a market cap of $3.71 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.73. 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 1-year low of $36.74 and a 1-year high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Weatherford International had a net margin of 8.79% and a return on equity of 35.88%. Equities research analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. Weatherford International's dividend payout ratio is currently 16.00%.

Wall Street Analyst Weigh In

WFRD has been the subject of a number of recent analyst reports. Citigroup decreased their price target on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Raymond James Financial cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $73.00 to $69.00 in a report on Thursday, April 24th. Barclays decreased their price target on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Piper Sandler decreased their price target on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Weatherford International currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

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.