Natixis Advisors LLC Sells 21,165 Shares of Weatherford International plc (NASDAQ:WFRD)

Natixis Advisors LLC reduced its stake in shares of Weatherford International plc (NASDAQ:WFRD) by 33.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,104 shares of the company’s stock after selling 21,165 shares during the period. Natixis Advisors LLC owned 0.06% of Weatherford International worth $3,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Weatherford International by 31.0% during the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after buying an additional 85 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Weatherford International by 8.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,585 shares of the company’s stock worth $188,000 after acquiring an additional 120 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after purchasing an additional 128 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Weatherford International by 20.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,063 shares of the company’s stock valued at $129,000 after purchasing an additional 182 shares in the last quarter. Finally, KBC Group NV lifted its position in Weatherford International by 10.4% during the third quarter. KBC Group NV now owns 1,945 shares of the company’s stock valued at $165,000 after purchasing an additional 184 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Weatherford International news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Desmond J. Mills sold 6,531 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now owns 11,680 shares in the company, valued at $932,764.80. This represents a 35.86 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup lowered their price objective on Weatherford International from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. 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 research report on Thursday, October 24th. Barclays lowered their price objective on shares of Weatherford International from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Benchmark restated a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research note on Thursday, October 24th. Finally, Bank of America dropped their price objective on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $147.29.

Weatherford International Stock Up 0.6 %

NASDAQ:WFRD opened at $85.83 on Friday. The company’s fifty day moving average price is $86.97 and its 200-day moving average price is $104.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. The firm has a market capitalization of $6.24 billion, a P/E ratio of 12.05, a PEG ratio of 0.71 and a beta of 0.60. Weatherford International plc has a 1-year low of $77.00 and a 1-year high of $135.00.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. As a group, equities research analysts anticipate that Weatherford International plc will post 6.91 EPS for the current year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s dividend payout ratio (DPR) is 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.