Weatherford International plc (NASDAQ:WFRD) EVP Scott C. Weatherholt Sells 44,505 Shares of Stock

Weatherford International plc (NASDAQ:WFRD) EVP Scott C. Weatherholt sold 44,505 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weatherford International Trading Down 2.6 %

NASDAQ WFRD opened at $62.95 on Friday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.41 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. Weatherford International plc has a one year low of $61.97 and a one year high of $135.00. The company’s 50 day moving average price is $73.43 and its 200 day moving average price is $88.74.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Weatherford International by 551.1% during the third quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company’s stock valued at $122,356,000 after acquiring an additional 1,219,553 shares in the last quarter. FMR LLC boosted its holdings in Weatherford International by 36.7% in the third quarter. FMR LLC now owns 3,573,003 shares of the company’s stock valued at $303,419,000 after purchasing an additional 959,783 shares during the last quarter. Jennison Associates LLC boosted its holdings in Weatherford International by 30.6% in the third quarter. Jennison Associates LLC now owns 1,324,101 shares of the company’s stock valued at $112,443,000 after purchasing an additional 310,259 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Weatherford International by 402.6% during the 3rd 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 in the last quarter. Finally, Van ECK Associates Corp increased its holdings in 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 purchasing an additional 204,317 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WFRD has been the topic of several research reports. Barclays lowered their price objective on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Bank of America dropped their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Evercore ISI reduced their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group downgraded Weatherford International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Finally, Citigroup cut their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.25.

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.