Weatherford International plc (NASDAQ:WFRD) CFO Sells $675,700.00 in Stock

Weatherford International plc (NASDAQ:WFRD) CFO Arunava Mitra sold 10,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares in the company, valued at $1,423,835.04. This represents a 32.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weatherford International Stock Up 0.5 %

WFRD opened at $67.63 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80. The company has a market capitalization of $4.91 billion, a PE ratio of 10.06, a P/E/G ratio of 1.48 and a beta of 0.60. The stock’s fifty day moving average is $70.67 and its 200-day moving average is $85.04. Weatherford International plc has a one year low of $60.45 and a one year high of $135.00.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. On average, equities analysts predict that Weatherford International plc will post 6.14 EPS for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, February 21st. Weatherford International’s payout ratio is 14.88%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WFRD. Lindbrook Capital LLC grew its holdings in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after acquiring an additional 204 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Weatherford International by 190.4% during the fourth quarter. Huntington National Bank now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in shares of Weatherford International in the 4th quarter valued at $29,000. Farther Finance Advisors LLC increased its stake in Weatherford International by 364.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after purchasing an additional 281 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Weatherford International during the 3rd quarter worth about $34,000. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James cut their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Benchmark cut their target price on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup decreased their price target on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Evercore ISI cut their price target on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, The Goldman Sachs Group cut shares of Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Weatherford International currently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

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.