Fiera Capital Corp increased its holdings in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) by 1,465.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 352,740 shares of the company's stock after purchasing an additional 330,206 shares during the quarter. Fiera Capital Corp owned 0.49% of Weatherford International worth $18,889,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its holdings in Weatherford International by 47.1% in the 1st quarter. Mackenzie Financial Corp now owns 22,063 shares of the company's stock worth $1,181,000 after acquiring an additional 7,063 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Weatherford International by 4.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,664 shares of the company's stock worth $1,053,000 after acquiring an additional 861 shares during the period. Assetmark Inc. boosted its holdings in Weatherford International by 141,810.0% in the 1st quarter. Assetmark Inc. now owns 14,191 shares of the company's stock worth $760,000 after acquiring an additional 14,181 shares during the period. Royce & Associates LP boosted its holdings in Weatherford International by 33.4% in the 1st quarter. Royce & Associates LP now owns 133,907 shares of the company's stock worth $7,171,000 after acquiring an additional 33,540 shares during the period. Finally, Oak Thistle LLC purchased a new position in Weatherford International in the 1st quarter worth approximately $293,000. Institutional investors and hedge funds own 97.23% of the company's stock.
Weatherford International Stock Performance
WFRD traded down $1.81 during trading hours on Friday, hitting $54.74. 977,378 shares of the stock were exchanged, compared to its average volume of 1,368,404. The stock has a 50-day simple moving average of $51.91 and a 200-day simple moving average of $54.03. Weatherford International PLC has a 12 month low of $36.74 and a 12 month high of $111.23. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.21 and a quick ratio of 1.63.
Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.90. Weatherford International had a return on equity of 34.87% and a net margin of 9.35%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business posted $1.66 earnings per share. The firm's revenue for the quarter was down 14.3% on a year-over-year basis. Analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current year.
Weatherford International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.8%. Weatherford International's dividend payout ratio (DPR) is 15.48%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Barclays reduced their target price on Weatherford International from $77.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Citigroup reduced their target price on Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Raymond James Financial reiterated an "outperform" rating and set a $70.00 target price (up from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. Finally, Piper Sandler upgraded Weatherford International from a "neutral" rating to an "overweight" rating and increased their target price for the company from $62.00 to $73.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.63.
Check Out Our Latest Analysis on Weatherford International
Weatherford International Profile
(
Free Report)
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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