Weatherford International plc (NASDAQ:WFRD) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 82.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,462 shares of the company's stock after selling 25,084 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Weatherford International were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WFRD. Xponance Inc. boosted its stake in Weatherford International by 1.0% during the fourth quarter. Xponance Inc. now owns 17,072 shares of the company's stock valued at $1,223,000 after buying an additional 167 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Weatherford International by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 31,730 shares of the company's stock worth $2,273,000 after buying an additional 200 shares during the period. Lindbrook Capital LLC lifted its position in shares of Weatherford International by 130.8% during 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. Covestor Ltd lifted its holdings in Weatherford International by 30.1% during the 4th quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after buying an additional 214 shares in the last quarter. Finally, Huntington National Bank grew its stake in Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock worth $28,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WFRD. Piper Sandler decreased 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 report on Thursday, April 24th. Citigroup cut their price target on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday. Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Barclays lowered their price objective on Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Benchmark decreased their price target 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Weatherford International has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

Insiders Place Their Bets

In other news, Director Neal P. Goldman acquired 12,000 shares of the business's stock in a transaction on Thursday, April 24th. The stock was bought at an average price of $42.04 per share, for a total transaction of $504,480.00. Following the transaction, the director now owns 25,311 shares in the company, valued at $1,064,074.44. This represents a 90.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.09% of the stock is currently owned by insiders.

Weatherford International Stock Up 0.9%

Shares of WFRD traded up $0.44 during midday trading on Wednesday, hitting $49.99. The company had a trading volume of 959,642 shares, compared to its average volume of 1,157,188. The company's 50-day simple moving average is $47.49 and its 200-day simple moving average is $64.41. 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. The firm has a market capitalization of $3.63 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.65 and a beta of 0.73.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $1.21 billion. As a group, sell-side analysts expect that Weatherford International plc will post 5.89 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, May 6th. Weatherford International's payout ratio is currently 16.00%.

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.