Tidal Investments LLC Has $937,000 Stock Position in Weatherford International plc (NASDAQ:WFRD)

Tidal Investments LLC raised its holdings in Weatherford International plc (NASDAQ:WFRD - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,087 shares of the company's stock after acquiring an additional 5,914 shares during the period. Tidal Investments LLC's holdings in Weatherford International were worth $937,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WFRD. Xponance Inc. grew 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 during the last quarter. Treasurer of the State of North Carolina boosted its position in Weatherford International by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 31,730 shares of the company's stock valued at $2,273,000 after buying an additional 200 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Weatherford International by 130.8% during the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after buying an additional 204 shares during the last quarter. Covestor Ltd grew its stake in shares of Weatherford International by 30.1% during the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock worth $66,000 after buying an additional 214 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Weatherford International by 190.4% during the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock worth $28,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Neal P. Goldman bought 12,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $42.04 per share, for a total transaction of $504,480.00. Following the transaction, the director now directly owns 25,311 shares of the company's stock, valued at approximately $1,064,074.44. The trade was a 90.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.09% of the company's stock.

Weatherford International Trading Down 2.9%

WFRD stock traded down $1.32 during trading on Friday, hitting $44.33. The company had a trading volume of 186,106 shares, compared to its average volume of 1,163,222. 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 one year low of $36.74 and a one year high of $135.00. The business has a 50-day moving average of $45.91 and a 200-day moving average of $61.55. The stock has a market cap of $3.22 billion, a PE ratio of 6.63, a PEG ratio of 1.65 and a beta of 0.73.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Research analysts predict that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. Weatherford International's payout ratio is currently 16.00%.

Wall Street Analysts Forecast Growth

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

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.