Vident Advisory LLC Purchases Shares of 15,141 Weatherford International plc (NASDAQ:WFRD)

Vident Advisory LLC purchased a new stake in Weatherford International plc (NASDAQ:WFRD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,141 shares of the company's stock, valued at approximately $1,085,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lindbrook Capital LLC lifted its stake in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after buying an additional 204 shares during the period. Huntington National Bank raised its position in shares of Weatherford International by 190.4% in the 4th quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after acquiring an additional 257 shares during the period. Zions Bancorporation N.A. bought a new position in Weatherford International during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in Weatherford International during the 4th quarter worth approximately $36,000. Finally, Covestor Ltd grew its holdings in Weatherford International by 30.1% during the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after purchasing an additional 214 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler cut their target price on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Citigroup reduced their target price on Weatherford International from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Benchmark lowered their price target on Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Barclays dropped their price target on Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

Weatherford International Stock Up 0.3%

Shares of WFRD traded up $0.14 during midday trading on Tuesday, hitting $45.64. The stock had a trading volume of 1,451,131 shares, compared to its average volume of 1,163,908. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. The company has a 50 day simple moving average of $46.35 and a two-hundred day simple moving average of $62.09. Weatherford International plc has a twelve month low of $36.74 and a twelve month high of $135.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49.

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

Weatherford International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 dividend 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 firm's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price 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 approximately $1,064,074.44. This trade represents a 90.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.09% of the stock is currently owned by insiders.

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.