Weatherford International plc (NASDAQ:WFRD) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,846 shares of the company's stock after acquiring an additional 41,300 shares during the period. Frontier Capital Management Co. LLC owned about 0.47% of Weatherford International worth $24,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in Weatherford International by 130.8% in 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 period. Huntington National Bank increased its holdings in Weatherford International by 190.4% in 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 period. Zions Bancorporation N.A. acquired a new position in Weatherford International in the 4th quarter worth approximately $29,000. R Squared Ltd acquired a new position in Weatherford International in the 4th quarter worth approximately $36,000. Finally, Covestor Ltd grew its stake in shares of Weatherford International by 30.1% during the 4th quarter. Covestor Ltd now owns 926 shares of the company's stock worth $66,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Activity

In other Weatherford International news, Director Neal P. Goldman bought 12,000 shares of Weatherford International stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the completion of the transaction, the director now directly owns 25,311 shares of the company's stock, valued at approximately $1,064,074.44. This represents 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 available through this link. Company insiders own 2.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $73.00 to $69.00 in a research note on Thursday, April 24th. Barclays dropped their price objective on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Benchmark dropped their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Piper Sandler dropped their price objective on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.75.

Weatherford International Price Performance

Shares of NASDAQ WFRD traded up $0.51 during mid-day trading on Friday, reaching $46.07. The company's stock had a trading volume of 1,765,395 shares, compared to its average volume of 1,155,950. The stock has a 50-day moving average of $47.70 and a two-hundred day moving average of $64.74. The stock has a market capitalization of $3.34 billion, a P/E ratio of 6.86, a P/E/G ratio of 1.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. Weatherford International plc has a 1-year low of $36.74 and a 1-year high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. The business 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%. On average, equities research analysts anticipate that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Dividend Announcement

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Tuesday, May 6th. Weatherford International's dividend payout ratio (DPR) is 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.