Michels Family Financial LLC Acquires Shares of 6,769 Weatherford International plc (NASDAQ:WFRD)

Michels Family Financial LLC acquired a new stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,769 shares of the company's stock, valued at approximately $485,000.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. lifted its holdings in shares of Weatherford International by 1.0% during the 4th quarter. Xponance Inc. now owns 17,072 shares of the company's stock valued at $1,223,000 after purchasing an additional 167 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Weatherford International by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 31,730 shares of the company's stock worth $2,273,000 after buying an additional 200 shares during the period. Lindbrook Capital LLC lifted its stake in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Covestor Ltd lifted its stake in Weatherford International by 30.1% in the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after buying an additional 214 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after buying an additional 257 shares during the period. Institutional investors own 97.23% of the company's stock.

Insider Activity

In other news, Director Neal P. Goldman bought 12,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the completion of the acquisition, the director now owns 25,311 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 2.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WFRD has been the topic of a number of research analyst reports. Piper Sandler dropped their price objective 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 target price on Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Benchmark cut their price target on Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Raymond James downgraded Weatherford International from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $73.00 to $69.00 in a report on Thursday, April 24th. Finally, Citigroup dropped their target price 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $96.63.

Weatherford International Stock Up 0.6%

Shares of Weatherford International stock traded up $0.26 during trading hours on Thursday, reaching $45.53. 213,494 shares of the company's stock were exchanged, compared to its average volume of 1,162,614. The stock has a market cap of $3.30 billion, a P/E ratio of 6.78, a P/E/G ratio of 1.65 and a beta of 0.73. The company has a 50 day moving average of $46.07 and a two-hundred day moving average of $61.86. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International plc has a fifty-two week low of $36.74 and a fifty-two week high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.14. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, sell-side analysts forecast that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Announces Dividend

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

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.