TD Private Client Wealth LLC Buys New Holdings in Weatherford International plc (NASDAQ:WFRD)

TD Private Client Wealth LLC purchased a new position in shares of Weatherford International plc (NASDAQ:WFRD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,956 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Weatherford International by 36.7% during the 3rd quarter. FMR LLC now owns 3,573,003 shares of the company’s stock worth $303,419,000 after acquiring an additional 959,783 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Weatherford International by 132.1% in the fourth quarter. Victory Capital Management Inc. now owns 728,266 shares of the company’s stock valued at $52,166,000 after purchasing an additional 414,528 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Weatherford International by 402.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company’s stock valued at $27,555,000 after purchasing an additional 259,924 shares during the period. Cooke & Bieler LP acquired a new stake in shares of Weatherford International during the 4th quarter worth about $17,703,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Weatherford International by 28.6% during the 4th quarter. Van ECK Associates Corp now owns 917,530 shares of the company’s stock worth $65,723,000 after buying an additional 204,317 shares during the period. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

NASDAQ WFRD opened at $54.82 on Wednesday. The firm’s 50 day simple moving average is $63.12 and its 200 day simple moving average is $75.52. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International plc has a 1 year low of $51.24 and a 1 year high of $135.00.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. Weatherford International’s dividend payout ratio (DPR) is currently 14.88%.

Analyst Ratings Changes

Several research firms have weighed in on WFRD. Citigroup lowered their price target on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Barclays dropped their price target on Weatherford International from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Raymond James decreased their price objective on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Piper Sandler lowered their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.63.

Insider Activity

In other Weatherford International news, EVP Scott C. Weatherholt sold 44,505 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total value of $2,944,895.85. Following the sale, the executive vice president now owns 125,019 shares in the company, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Desmond J. Mills sold 19,425 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.51, for a total transaction of $1,311,381.75. Following the sale, the chief accounting officer now directly owns 17,899 shares in the company, valued at approximately $1,208,361.49. The trade was a 52.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,692 shares of company stock worth $6,207,725. Corporate insiders own 1.60% of the company’s stock.

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.