iSAM Funds UK Ltd Invests $436,000 in Weatherford International plc (NASDAQ:WFRD)

iSAM Funds UK Ltd purchased a new position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,089 shares of the company's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WFRD. Barclays PLC raised its stake in Weatherford International by 59.4% in the third quarter. Barclays PLC now owns 31,349 shares of the company's stock valued at $2,663,000 after buying an additional 11,680 shares during the period. Viking Fund Management LLC increased its holdings in shares of Weatherford International by 23.8% during the 4th quarter. Viking Fund Management LLC now owns 26,000 shares of the company's stock worth $1,862,000 after acquiring an additional 5,000 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Weatherford International by 7.3% during the 4th quarter. Gradient Investments LLC now owns 15,852 shares of the company's stock worth $1,135,000 after acquiring an additional 1,078 shares during the last quarter. KBC Group NV raised its stake in Weatherford International by 56.7% in the 4th quarter. KBC Group NV now owns 3,048 shares of the company's stock valued at $218,000 after acquiring an additional 1,103 shares during the period. Finally, R Squared Ltd acquired a new stake in Weatherford International during the 4th quarter valued at $36,000. Institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WFRD shares. Barclays decreased 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. Piper Sandler dropped their target price on Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Raymond James lowered shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $73.00 to $69.00 in a research report on Thursday, April 24th. Benchmark cut their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Citigroup decreased their target price on shares of 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Weatherford International has an average rating of "Moderate Buy" and an average target price of $96.63.

Insider Buying and Selling

In related news, Director Neal P. Goldman acquired 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average cost of $42.04 per share, with a total value of $504,480.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. 2.09% of the stock is owned by corporate insiders.

Weatherford International Price Performance

Shares of WFRD stock traded down $0.63 on Monday, reaching $45.50. The company had a trading volume of 748,300 shares, compared to its average volume of 1,162,754. The business's 50-day moving average is $46.50 and its 200 day moving average is $62.38. Weatherford International plc has a one year low of $36.74 and a one year 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 stock has a market capitalization of $3.30 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings data 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. Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts forecast that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, May 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. Weatherford International's dividend payout ratio is 16.00%.

Weatherford International 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.