UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.58 Million Position in Weatherford International plc (NASDAQ:WFRD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,273 shares of the company's stock after selling 37,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.39% of Weatherford International worth $20,577,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Voloridge Investment Management LLC increased its position in shares of Weatherford International by 135.2% during the fourth quarter. Voloridge Investment Management LLC now owns 585,398 shares of the company's stock worth $41,932,000 after acquiring an additional 336,504 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Weatherford International during the fourth quarter worth $436,000. Vident Advisory LLC bought a new stake in shares of Weatherford International during the fourth quarter worth $1,085,000. Westwood Holdings Group Inc. increased its position in shares of Weatherford International by 17.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 161,065 shares of the company's stock worth $11,537,000 after acquiring an additional 23,886 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Weatherford International by 111.9% during the fourth quarter. Squarepoint Ops LLC now owns 108,780 shares of the company's stock worth $7,792,000 after acquiring an additional 57,447 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Insider Transactions at Weatherford International

In other Weatherford International news, Director Neal P. Goldman purchased 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, with a total value of $504,480.00. Following the completion of the transaction, the director now owns 25,311 shares in the company, valued at $1,064,074.44. The trade was a 90.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WFRD has been the subject of a number of analyst reports. Benchmark decreased their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Piper Sandler cut their price target on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Citigroup cut their price target on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays cut 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 note on Friday, April 25th. Finally, Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $73.00 to $69.00 in a research note 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.63.

Weatherford International Stock Performance

Shares of NASDAQ WFRD traded up $0.38 during mid-day trading on Thursday, reaching $45.65. 640,175 shares of the company were exchanged, compared to its average volume of 1,166,930. The company's 50-day simple moving average is $45.91 and its 200-day simple moving average is $61.55. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.31 billion, a P/E ratio of 6.79, a P/E/G 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.

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

Weatherford International Announces Dividend

The business also recently announced 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 2.19%. The ex-dividend date of this dividend is Tuesday, May 6th. Weatherford International's dividend payout ratio is presently 16.00%.

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.