Weatherford International plc (NASDAQ:WFRD) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 11,606.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,873 shares of the company’s stock after purchasing an additional 1,857 shares during the quarter. Venturi Wealth Management LLC’s holdings in Weatherford International were worth $134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Weatherford International during the 3rd quarter worth $571,000. Barclays PLC boosted its stake in Weatherford International by 59.4% during the 3rd quarter. Barclays PLC now owns 31,349 shares of the company’s stock worth $2,663,000 after purchasing an additional 11,680 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Weatherford International by 1,138.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 32,124 shares of the company’s stock worth $2,728,000 after purchasing an additional 29,530 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Weatherford International by 6.8% during the 3rd quarter. New York State Common Retirement Fund now owns 203,106 shares of the company’s stock worth $17,248,000 after purchasing an additional 13,007 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Weatherford International by 67.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 143,900 shares of the company’s stock worth $12,220,000 after purchasing an additional 57,866 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Trading Down 6.8 %

NASDAQ WFRD opened at $65.48 on Friday. The firm’s 50-day moving average is $69.56 and its two-hundred day moving average is $83.12. Weatherford International plc has a 12 month low of $60.45 and a 12 month high of $135.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market capitalization of $4.77 billion, a P/E ratio of 9.74, a PEG ratio of 1.65 and a beta of 0.60.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 EPS 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%. On average, sell-side analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the sale, the chief financial officer now directly owns 21,072 shares in the company, valued at $1,423,835.04. This represents a 32.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Desmond J. Mills sold 19,425 shares of the business’s stock in a transaction dated 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 owns 17,899 shares in the company, valued at $1,208,361.49. This trade represents a 52.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock worth $6,207,725 over the last three months. Company insiders own 1.60% of the company’s stock.

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.