Weatherford International PLC $WFRD Shares Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its stake in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,353 shares of the company's stock after purchasing an additional 36,630 shares during the period. Raymond James Financial Inc. owned approximately 0.19% of Weatherford International worth $7,355,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WFRD. Gradient Investments LLC boosted its holdings in shares of Weatherford International by 1.4% in the 1st quarter. Gradient Investments LLC now owns 16,080 shares of the company's stock valued at $861,000 after acquiring an additional 228 shares during the last quarter. 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. State of Alaska Department of Revenue boosted its holdings in Weatherford International by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 27,530 shares of the company's stock worth $1,473,000 after buying an additional 245 shares in the last quarter. Covestor Ltd boosted its holdings in Weatherford International by 34.3% during the first quarter. Covestor Ltd now owns 1,244 shares of the company's stock worth $67,000 after buying an additional 318 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Weatherford International by 20.7% during the first quarter. TD Private Client Wealth LLC now owns 2,360 shares of the company's stock worth $126,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on WFRD shares. Barclays decreased their price objective on shares of Weatherford International from $77.00 to $73.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Melius assumed coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They issued a "buy" rating and a $108.00 target price for the company. Zacks Research upgraded shares of Weatherford International from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Citigroup reduced their target price on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Piper Sandler upgraded shares of Weatherford International from a "neutral" rating to an "overweight" rating and increased their target price for the company from $62.00 to $73.00 in a research report on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $99.70.

Weatherford International Stock Up 0.5%

Shares of NASDAQ WFRD traded up $0.31 during midday trading on Thursday, hitting $62.67. The company's stock had a trading volume of 1,051,477 shares, compared to its average volume of 804,801. The business's fifty day simple moving average is $56.80 and its two-hundred day simple moving average is $52.38. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.21 and a quick ratio of 1.63. Weatherford International PLC has a 1 year low of $36.74 and a 1 year high of $98.21. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 1.80 and a beta of 0.78.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.97 by $0.90. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The business's revenue for the quarter was down 14.3% compared to the same quarter last year. On average, equities analysts predict that Weatherford International PLC will post 5.89 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.6%. Weatherford International's dividend payout ratio (DPR) is 15.48%.

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.