Weatherford International plc (NASDAQ:WFRD) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 111.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,780 shares of the company's stock after acquiring an additional 57,447 shares during the quarter. Squarepoint Ops LLC owned approximately 0.15% of Weatherford International worth $7,792,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC raised its stake in Weatherford International by 82.4% in the 4th quarter. Tidal Investments LLC now owns 13,087 shares of the company's stock valued at $937,000 after purchasing an additional 5,914 shares during the last quarter. State of Wyoming raised its position in shares of Weatherford International by 1,438.5% in the fourth quarter. State of Wyoming now owns 4,077 shares of the company's stock valued at $292,000 after buying an additional 3,812 shares during the last quarter. Strategic Global Advisors LLC lifted its stake in shares of Weatherford International by 12.3% in the fourth quarter. Strategic Global Advisors LLC now owns 14,133 shares of the company's stock worth $1,012,000 after buying an additional 1,544 shares in the last quarter. Thomist Capital Management LP acquired a new position in Weatherford International during the fourth quarter worth about $1,931,000. Finally, Man Group plc grew its stake in Weatherford International by 91.6% during the 4th quarter. Man Group plc now owns 29,541 shares of the company's stock valued at $2,116,000 after acquiring an additional 14,126 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on WFRD. Barclays decreased their target price on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Piper Sandler lowered their price objective on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Raymond James lowered shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $73.00 to $69.00 in a report on Thursday, April 24th. Benchmark dropped their price target on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Citigroup reduced their price target 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $96.63.

Weatherford International Trading Up 0.3%

Shares of WFRD traded up $0.14 during trading on Tuesday, reaching $45.64. 1,451,131 shares of the company traded hands, compared to its average volume of 1,163,908. The stock has a 50-day simple moving average of $46.35 and a 200-day simple moving average of $62.09. The stock has a market cap of $3.31 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. Weatherford International plc has a twelve month low of $36.74 and a twelve month 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.

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

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.19%. Weatherford International's dividend payout ratio (DPR) is presently 16.00%.

Insider Transactions at Weatherford International

In other Weatherford International news, Director Neal P. Goldman bought 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average cost of $42.04 per share, with a total value of $504,480.00. Following the purchase, the director now directly 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.09% of the company's stock.

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.