Interval Partners LP Increases Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Interval Partners LP boosted its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,076 shares of the company's stock after acquiring an additional 7,211 shares during the quarter. Interval Partners LP's holdings in Weatherford International were worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFRD. Lindbrook Capital LLC grew its stake in shares of Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Huntington National Bank lifted its holdings 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 period. Zions Bancorporation N.A. bought a new stake in shares of Weatherford International in the 4th quarter valued at about $29,000. R Squared Ltd acquired a new stake in shares of Weatherford International in the fourth quarter valued at about $36,000. Finally, Covestor Ltd increased its stake in shares of Weatherford International by 30.1% in the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after buying an additional 214 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Weatherford International Stock Down 3.0%

Shares of WFRD stock traded down $1.51 during trading hours on Thursday, reaching $48.48. The company had a trading volume of 815,780 shares, compared to its average volume of 1,158,565. The business has a fifty day simple moving average of $47.37 and a 200-day simple moving average of $64.31. Weatherford International plc has a 12 month low of $36.74 and a 12 month high of $135.00. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. 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 posted its quarterly earnings data 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, research analysts expect that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.00 annualized dividend and a yield of 2.06%. Weatherford International's dividend payout ratio (DPR) is 16.00%.

Insiders Place Their Bets

In other Weatherford International news, Director Neal P. Goldman bought 12,000 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $42.04 per share, with a total value of $504,480.00. Following the transaction, the director now directly owns 25,311 shares in the company, valued at $1,064,074.44. This trade represents a 90.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.09% of the company's stock.

Analyst Ratings Changes

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

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.