Vident Advisory LLC Takes $1.09 Million Position in Weatherford International plc (NASDAQ:WFRD)

Vident Advisory LLC bought a new position in Weatherford International plc (NASDAQ:WFRD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 15,141 shares of the company's stock, valued at approximately $1,085,000.

A number of other institutional investors also recently bought and sold shares of WFRD. Lindbrook Capital LLC raised its position in Weatherford International by 130.8% during the 4th 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. Huntington National Bank raised its position in Weatherford International by 190.4% during the 4th quarter. Huntington National Bank now owns 392 shares of the company's stock worth $28,000 after buying an additional 257 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in Weatherford International during the 4th quarter worth approximately $29,000. R Squared Ltd purchased a new position in Weatherford International during the 4th quarter worth approximately $36,000. Finally, Covestor Ltd raised its position in Weatherford International by 30.1% during the 4th 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. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Price Performance

NASDAQ WFRD traded down $0.05 on Thursday, hitting $45.22. The company had a trading volume of 140,634 shares, compared to its average volume of 1,162,330. The company has a market capitalization of $3.28 billion, a PE ratio of 6.73, a PEG ratio of 1.65 and a beta of 0.73. The company's fifty day moving average price is $46.07 and its 200-day moving average price is $61.86. 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 plc has a 12-month low of $36.74 and a 12-month high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released 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. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, analysts predict that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, May 6th. Weatherford International's payout ratio is 16.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Piper Sandler reduced 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 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 for the company in a report on Friday, February 7th. Barclays decreased their target price 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. Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $73.00 to $69.00 in a research note on Thursday, April 24th. Finally, Citigroup decreased their target price 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $96.63.

Insider Transactions at Weatherford International

In other news, Director Neal P. Goldman purchased 12,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of $42.04 per share, with a total value of $504,480.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.