Hantz Financial Services Inc. Trims Position in Weatherford International plc (NASDAQ:WFRD)

Hantz Financial Services Inc. cut its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,713 shares of the company’s stock after selling 4,408 shares during the quarter. Hantz Financial Services Inc. owned 0.10% of Weatherford International worth $5,137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Weatherford International by 36.9% in the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock valued at $44,000 after purchasing an additional 141 shares in the last quarter. KBC Group NV lifted its holdings in Weatherford International by 10.4% in the 3rd quarter. KBC Group NV now owns 1,945 shares of the company’s stock valued at $165,000 after purchasing an additional 184 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Weatherford International by 7.3% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,997 shares of the company’s stock valued at $255,000 after purchasing an additional 203 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Weatherford International by 4.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,293 shares of the company’s stock valued at $648,000 after purchasing an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Stock Performance

Shares of Weatherford International stock opened at $65.74 on Thursday. Weatherford International plc has a one year low of $65.41 and a one year high of $135.00. The company has a market cap of $4.78 billion, a PE ratio of 9.23, a P/E/G ratio of 1.52 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. The business has a 50-day simple moving average of $74.30 and a 200-day simple moving average of $89.40.

Analysts Set New Price Targets

WFRD has been the topic of several analyst reports. Piper Sandler initiated coverage on Weatherford International in a report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price target on the stock. Bank of America reduced their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI reduced their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Finally, Citigroup reduced their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.25.

Insider Transactions at Weatherford International

In related news, EVP David John Reed sold 4,762 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the transaction, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. This represents a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.