Tidal Investments LLC Has $609,000 Holdings in Weatherford International plc (NASDAQ:WFRD)

Tidal Investments LLC boosted its position in shares of Weatherford International plc (NASDAQ:WFRD) by 39.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,173 shares of the company’s stock after buying an additional 2,022 shares during the period. Tidal Investments LLC’s holdings in Weatherford International were worth $609,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Weatherford International by 364.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after acquiring an additional 281 shares in the last quarter. nVerses Capital LLC bought a new stake in Weatherford International during the third quarter worth $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International in the 3rd quarter valued at $42,000. Fifth Third Bancorp raised its holdings in shares of Weatherford International by 31.0% during the 2nd quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock worth $44,000 after buying an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Weatherford International by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after buying an additional 141 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Insider Transactions at Weatherford International

In other news, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the transaction, the chief accounting officer now directly owns 11,680 shares of the company’s stock, valued at approximately $932,764.80. This trade represents a 35.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

WFRD has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research report on Thursday, October 24th. Citigroup lowered their price objective on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and cut their target price for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Bank of America lowered their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Evercore ISI cut their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $67.10 on Friday. The firm has a market cap of $4.87 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.64 and a beta of 0.58. Weatherford International plc has a 52 week low of $66.23 and a 52 week high of $135.00. The firm’s fifty day moving average is $81.97 and its 200-day moving average is $98.92. 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 (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that Weatherford International plc will post 6.85 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.49%. Weatherford International’s dividend payout ratio (DPR) is currently 14.04%.

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.