168,100 Shares in Weatherford International plc (NASDAQ:WFRD) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Weatherford International plc (NASDAQ:WFRD) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 168,100 shares of the company’s stock, valued at approximately $20,584,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WFRD. SCP Investment LP bought a new position in Weatherford International during the fourth quarter worth about $360,000. Janney Montgomery Scott LLC bought a new position in Weatherford International during the fourth quarter worth about $497,000. Hsbc Holdings PLC acquired a new stake in Weatherford International during the fourth quarter worth approximately $3,309,000. Parallel Advisors LLC lifted its position in Weatherford International by 189.0% during the fourth quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock worth $28,000 after acquiring an additional 189 shares during the last quarter. Finally, TD Asset Management Inc acquired a new stake in Weatherford International during the fourth quarter worth approximately $7,670,000. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Up 1.3 %

NASDAQ WFRD opened at $85.17 on Friday. Weatherford International plc has a 1-year low of $82.16 and a 1-year high of $135.00. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.67 and a beta of 0.61. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average of $102.98 and a 200-day moving average of $113.93.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.08). Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. 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 prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that Weatherford International plc will post 6.81 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.00 annualized dividend and a yield of 1.17%. Weatherford International’s dividend payout ratio is currently 16.18%.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 is available through this link. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays raised 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. Bank of America raised their price objective on shares of Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Raymond James cut their price objective on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $150.75.

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.