Weatherford International plc (NASDAQ:WFRD) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,415 shares of the company's stock after selling 78,362 shares during the period. Jane Street Group LLC owned approximately 0.49% of Weatherford International worth $25,315,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in Weatherford International by 31.2% in the 4th quarter. Northern Trust Corp now owns 669,040 shares of the company's stock valued at $47,923,000 after purchasing an additional 159,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Weatherford International by 181.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,303,007 shares of the company's stock worth $93,334,000 after buying an additional 840,456 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Weatherford International by 7.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,402,833 shares of the company's stock valued at $315,375,000 after buying an additional 298,811 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Weatherford International during the fourth quarter valued at about $560,000. Finally, State of Tennessee Department of Treasury increased its position in shares of Weatherford International by 17.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 33,453 shares of the company's stock worth $2,396,000 after acquiring an additional 4,908 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Weatherford International Stock Performance

Shares of Weatherford International stock traded up $2.53 on Thursday, reaching $45.56. 1,282,573 shares of the company were exchanged, compared to its average volume of 1,148,810. Weatherford International plc has a 1-year low of $36.74 and a 1-year high of $135.00. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 6.78, 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. The company's 50-day moving average is $48.09 and its two-hundred day moving average is $65.47.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.14. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. As a group, research analysts expect that Weatherford International plc will post 5.89 earnings per share for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. Weatherford International's dividend payout ratio is presently 16.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James lowered Weatherford International from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Barclays reduced 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. 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 research note on Thursday, April 24th. Finally, Benchmark decreased their price target on Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Weatherford International has a consensus rating of "Moderate Buy" and a consensus target price of $99.75.

Insider Buying and Selling

In related news, Director Neal P. Goldman purchased 12,000 shares of Weatherford International stock in a transaction dated Thursday, April 24th. The stock was bought at an average cost of $42.04 per share, with a total value of $504,480.00. Following the purchase, the director now owns 25,311 shares in the company, valued at approximately $1,064,074.44. The trade was a 90.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Desmond J. Mills sold 19,425 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.51, for a total transaction of $1,311,381.75. Following the transaction, the chief accounting officer now owns 17,899 shares in the company, valued at $1,208,361.49. This represents a 52.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,425 shares of company stock valued at $2,916,822 in the last three months. 1.60% of the stock is currently owned by corporate 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.