Janney Montgomery Scott LLC Invests $445,000 in Weatherford International PLC (NASDAQ:WFRD)

Janney Montgomery Scott LLC acquired a new position in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,310 shares of the company's stock, valued at approximately $445,000.

Several other large investors also recently added to or reduced their stakes in WFRD. Lindbrook Capital LLC grew its position in Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Huntington National Bank lifted its stake in Weatherford International by 190.4% during the 4th 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. acquired a new stake in Weatherford International during the 4th quarter valued at approximately $29,000. Fifth Third Bancorp lifted its stake in Weatherford International by 546.7% during the 1st quarter. Fifth Third Bancorp now owns 595 shares of the company's stock valued at $32,000 after acquiring an additional 503 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Weatherford International by 55.8% during the first quarter. GAMMA Investing LLC now owns 645 shares of the company's stock worth $35,000 after buying an additional 231 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Weatherford International Price Performance

WFRD traded down $1.21 during midday trading on Monday, hitting $52.94. 785,551 shares of the company traded hands, compared to its average volume of 1,179,679. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.54 and a beta of 0.76. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $135.00. The business has a 50 day simple moving average of $48.16 and a two-hundred day simple moving average of $55.61.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results 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 analysts' expectations of $1.21 billion. Weatherford International had a net margin of 8.79% and a return on equity of 35.88%. On average, equities analysts forecast that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, May 6th. Weatherford International's dividend payout ratio (DPR) is 16.00%.

Insider Activity at Weatherford International

In other news, Director Neal P. Goldman acquired 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the completion of the transaction, the director owned 25,311 shares in the company, valued at approximately $1,064,074.44. This trade represents a 90.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WFRD has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Piper Sandler lowered their price target 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. Barclays lowered their price target 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. Finally, Raymond James Financial downgraded 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 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, the company presently has an average rating of "Moderate Buy" and an average target price of $96.63.

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.