Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Vanguard Personalized Indexing Management LLC raised its holdings in Weatherford International plc (NASDAQ:WFRD) by 7.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,844 shares of the company’s stock after acquiring an additional 416 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Weatherford International were worth $716,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Weatherford International by 31.0% in the 2nd quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after acquiring an additional 85 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings 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 purchasing an additional 120 shares during the period. Oliver Luxxe Assets LLC raised 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 worth $1,307,000 after purchasing an additional 125 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Weatherford International by 50.4% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $47,000 after purchasing an additional 128 shares during the period. Finally, Covestor Ltd boosted its position in 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 during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Stock Performance

Shares of WFRD stock opened at $87.12 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. Weatherford International plc has a 12-month low of $82.16 and a 12-month high of $135.00. The business’s 50 day moving average is $104.81 and its two-hundred day moving average is $114.32. The company has a market capitalization of $6.37 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.69 and a beta of 0.61.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share (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 analyst estimates of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. Weatherford International’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. Analysts expect that Weatherford International plc will post 6.81 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Weatherford International’s dividend payout ratio is currently 16.18%.

Insider Buying and Selling

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WFRD. Barclays lifted their price objective on shares of Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Citigroup decreased their target price on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James cut their price target on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Bank of America upped their target price on Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Weatherford International currently has a consensus rating of “Buy” and a consensus target price of $150.75.

About Weatherford International

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.