Weatherford International plc (NASDAQ:WFRD) Stock Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in Weatherford International plc (NASDAQ:WFRD) by 76.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 907,593 shares of the company’s stock after purchasing an additional 393,955 shares during the period. Janus Henderson Group PLC’s holdings in Weatherford International were worth $65,011,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position 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 buying an additional 204 shares during the last quarter. Huntington National Bank lifted its position in Weatherford International by 190.4% in the 4th 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. bought a new stake in Weatherford International in the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in Weatherford International in the 4th quarter valued at about $36,000. Finally, Covestor Ltd lifted its position in Weatherford International by 30.1% in the 4th quarter. Covestor Ltd now owns 926 shares of the company’s stock valued at $66,000 after purchasing an additional 214 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WFRD has been the topic of several recent research reports. Barclays cut their price objective on shares of Weatherford International from $85.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Benchmark cut their price objective on shares of 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 cut their price objective on shares of Weatherford International from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James downgraded shares of Weatherford International from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Finally, Piper Sandler cut their price objective on shares of Weatherford International from $80.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Weatherford International currently has an average rating of “Moderate Buy” and a consensus price target of $96.63.

Weatherford International Stock Up 1.4%

Weatherford International stock opened at $49.55 on Wednesday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 1.65 and a beta of 0.73. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $47.49 and its two-hundred day moving average price is $64.41. Weatherford International plc has a 52 week low of $36.74 and a 52 week high of $135.00.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.89 by $0.14. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. On average, analysts expect that Weatherford International plc will post 5.89 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.02%. Weatherford International’s dividend payout ratio is currently 16.00%.

Insider Transactions at Weatherford International

In other Weatherford International news, Director Neal P. Goldman acquired 12,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were bought at an average price of $42.04 per share, with a total value of $504,480.00. Following the purchase, the director now directly owns 25,311 shares of the company’s stock, valued at approximately $1,064,074.44. This trade represents a 90.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.09% of the company’s stock.

Weatherford International Company 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.