Weatherford International plc (NASDAQ:WFRD) Stock Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its position in Weatherford International plc (NASDAQ:WFRD) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,058 shares of the company’s stock after buying an additional 3,695 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of Weatherford International worth $4,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. raised its stake in shares of Weatherford International by 1.1% in the 4th quarter. Xponance Inc. now owns 10,532 shares of the company’s stock worth $1,030,000 after buying an additional 116 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Weatherford International by 8.2% in 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 during the last quarter. Oliver Luxxe Assets LLC grew its holdings in shares of Weatherford International by 1.1% in the 1st quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock worth $1,307,000 after acquiring an additional 125 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Weatherford International by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock worth $440,000 after acquiring an additional 140 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Weatherford International by 29.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 726 shares of the company’s stock worth $71,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Raymond James decreased their target price on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. Piper Sandler lifted their price target on Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Barclays lifted their price target on Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Citigroup assumed coverage on Weatherford International in a report on Tuesday, May 14th. They set a “buy” rating and a $155.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $153.88.

Weatherford International Stock Down 5.6 %

NASDAQ WFRD traded down $6.25 on Friday, reaching $105.67. The stock had a trading volume of 1,070,952 shares, compared to its average volume of 1,018,536. The business has a 50 day moving average price of $119.81 and a 200 day moving average price of $113.91. 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 1 year low of $80.52 and a 1 year high of $135.00. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 0.77 and a beta of 0.63.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts forecast that Weatherford International plc will post 6.91 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%.

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.