WINTON GROUP Ltd Has $1.16 Million Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

WINTON GROUP Ltd trimmed its position in Weatherford International plc (NASDAQ:WFRD) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,470 shares of the company’s stock after selling 184 shares during the quarter. WINTON GROUP Ltd’s holdings in Weatherford International were worth $1,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Weatherford International in the 4th quarter valued at $89,762,000. Boston Partners grew its position in Weatherford International by 19.3% in the first quarter. Boston Partners now owns 2,722,281 shares of the company’s stock valued at $315,240,000 after acquiring an additional 439,700 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Weatherford International during the second quarter worth about $51,287,000. Westwood Holdings Group Inc. lifted its holdings in shares of Weatherford International by 5,525.3% in the first quarter. Westwood Holdings Group Inc. now owns 359,569 shares of the company’s stock worth $41,501,000 after acquiring an additional 353,177 shares during the last quarter. Finally, AGF Management Ltd. acquired a new stake in shares of Weatherford International in the 2nd quarter valued at approximately $33,951,000. 97.23% of the stock is currently owned by institutional investors.

Insider Activity at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Weatherford International Stock Up 1.6 %

Shares of WFRD opened at $91.53 on Monday. The company has a market capitalization of $6.70 billion, a PE ratio of 14.81, a PEG ratio of 0.64 and a beta of 0.61. The stock’s 50-day moving average price is $110.20 and its two-hundred day moving average price is $115.13. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. Weatherford International plc has a 12 month low of $82.16 and a 12 month high of $135.00.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. On average, analysts anticipate that Weatherford International plc will post 6.81 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Tuesday, August 13th. Weatherford International’s dividend payout ratio is presently 16.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a research note on Wednesday, July 24th. Bank of America raised their price objective on Weatherford International from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Raymond James lowered their target price on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $153.88.

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.