Vanguard Personalized Indexing Management LLC Has $1.01 Million Stock Holdings in Weatherford International PLC $WFRD

Vanguard Personalized Indexing Management LLC boosted its stake in Weatherford International PLC (NASDAQ:WFRD - Free Report) by 177.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,129 shares of the company's stock after purchasing an additional 12,867 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Weatherford International were worth $1,013,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Weatherford International by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,050,495 shares of the company's stock worth $431,104,000 after purchasing an additional 347,584 shares during the period. Invesco Ltd. lifted its stake in shares of Weatherford International by 2.0% in the first quarter. Invesco Ltd. now owns 1,485,746 shares of the company's stock valued at $79,562,000 after buying an additional 29,840 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Weatherford International by 13.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,474,131 shares of the company's stock valued at $78,940,000 after buying an additional 171,124 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Weatherford International by 67.1% in the first quarter. Bank of New York Mellon Corp now owns 1,201,544 shares of the company's stock valued at $64,343,000 after buying an additional 482,352 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Weatherford International by 429.2% in the first quarter. Millennium Management LLC now owns 1,103,067 shares of the company's stock valued at $59,069,000 after buying an additional 894,636 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WFRD. Melius began coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a "buy" rating and a $108.00 price objective on the stock. Piper Sandler raised their price objective on shares of Weatherford International from $73.00 to $79.00 and gave the company an "overweight" rating in a research note on Thursday. Melius Research began coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a "buy" rating and a $108.00 price objective on the stock. Zacks Research raised shares of Weatherford International from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Finally, Raymond James Financial reissued an "outperform" rating and set a $70.00 price target (up from $69.00) on shares of Weatherford International in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Weatherford International currently has an average rating of "Moderate Buy" and an average price target of $95.50.

Weatherford International Stock Down 1.2%

WFRD opened at $62.29 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.21 and a quick ratio of 1.63. The company's 50-day moving average is $62.83 and its 200 day moving average is $53.94. Weatherford International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $91.82. The firm has a market capitalization of $4.47 billion, a P/E ratio of 9.64, a PEG ratio of 1.62 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.90. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $1.66 earnings per share. The firm's revenue was down 14.3% on a year-over-year basis. Research analysts expect that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Company 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.

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