US Bancorp DE Decreases Position in Weatherford International plc (NASDAQ:WFRD)

US Bancorp DE cut its position in Weatherford International plc (NASDAQ:WFRD) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,294 shares of the company’s stock after selling 836 shares during the period. US Bancorp DE’s holdings in Weatherford International were worth $959,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its holdings in Weatherford International by 246.1% in the third quarter. State of Alaska Department of Revenue now owns 27,530 shares of the company’s stock worth $2,337,000 after buying an additional 19,575 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Weatherford International by 7.3% in the third quarter. Legacy Wealth Asset Management LLC now owns 2,997 shares of the company’s stock worth $255,000 after buying an additional 203 shares during the last quarter. Net Worth Advisory Group purchased a new position in Weatherford International in the third quarter worth about $233,000. nVerses Capital LLC purchased a new position in Weatherford International in the third quarter worth about $34,000. Finally, Oliver Luxxe Assets LLC raised its holdings in Weatherford International by 80.8% in the third quarter. Oliver Luxxe Assets LLC now owns 20,971 shares of the company’s stock worth $1,781,000 after buying an additional 9,372 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a report on Thursday, October 24th. Raymond James reduced their price target on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 25th. Citigroup reduced their price target on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Bank of America reduced their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Barclays reduced their price target on shares of Weatherford International from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $144.88.

Weatherford International Stock Performance

Shares of NASDAQ WFRD opened at $87.49 on Friday. The firm has a 50 day moving average of $88.96 and a 200 day moving average of $107.70. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.75 and a beta of 0.60. Weatherford International plc has a 12-month low of $77.00 and a 12-month high of $135.00.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.41. Weatherford International had a net margin of 9.65% and a return on equity of 46.25%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts anticipate that Weatherford International plc will post 6.91 earnings per share for the current year.

Weatherford International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s dividend payout ratio is currently 14.04%.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of Weatherford International 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 SEC, which is accessible through this link. In other news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Desmond J. Mills sold 6,531 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $79.86, for a total transaction of $521,565.66. Following the completion of the transaction, the chief accounting officer now directly owns 11,680 shares in the company, valued at $932,764.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.