TD Asset Management Inc Buys 5,000 Shares of Weatherford International plc (NASDAQ:WFRD)

TD Asset Management Inc raised its stake in shares of Weatherford International plc (NASDAQ:WFRD) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. TD Asset Management Inc owned approximately 0.29% of Weatherford International worth $25,959,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after buying an additional 85 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Weatherford International by 8.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,585 shares of the company’s stock valued at $188,000 after buying an additional 120 shares in the last quarter. Oliver Luxxe Assets LLC increased its stake in shares of Weatherford International by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock valued at $1,307,000 after buying an additional 125 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after buying an additional 128 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Weatherford International by 23.4% in the first quarter. Covestor Ltd now owns 918 shares of the company’s stock valued at $106,000 after buying an additional 174 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Weatherford International Stock Performance

Shares of WFRD stock opened at $90.05 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47. The stock has a market cap of $6.59 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61. The stock has a 50-day moving average of $113.58 and a 200-day moving average of $115.59. Weatherford International plc has a one year low of $82.16 and a one year high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, sell-side analysts expect that Weatherford International plc will post 6.81 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. Weatherford International’s dividend payout ratio (DPR) is presently 16.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Wednesday, July 24th. Citigroup assumed coverage on Weatherford International in a report on Tuesday, May 14th. They set a “buy” rating and a $155.00 price objective for the company. Bank of America boosted their price objective on Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays boosted their price objective on Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Raymond James dropped their price objective on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Weatherford International has a consensus rating of “Buy” and an average target price of $153.88.

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.