New Age Alpha Advisors LLC Purchases 8,712 Shares of Weatherford International PLC $WFRD

New Age Alpha Advisors LLC raised its position in Weatherford International PLC (NASDAQ:WFRD) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,430 shares of the company’s stock after purchasing an additional 8,712 shares during the period. New Age Alpha Advisors LLC’s holdings in Weatherford International were worth $4,181,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Leonteq Securities AG bought a new position in Weatherford International in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC boosted its holdings in Weatherford International by 83.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 253 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Weatherford International by 69.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company’s stock valued at $29,000 after purchasing an additional 240 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Weatherford International in the 3rd quarter valued at $41,000. Finally, Farther Finance Advisors LLC boosted its holdings in Weatherford International by 157.3% in the 4th quarter. Farther Finance Advisors LLC now owns 705 shares of the company’s stock valued at $55,000 after purchasing an additional 431 shares during the period. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research downgraded shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Citigroup raised their price target on shares of Weatherford International from $115.00 to $134.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings downgraded shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Piper Sandler raised their price objective on shares of Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Weatherford International from $83.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Weatherford International has a consensus rating of “Moderate Buy” and an average target price of $110.33.

Weatherford International Stock Performance

Weatherford International stock opened at $108.79 on Tuesday. The firm’s fifty day moving average price is $100.75 and its 200-day moving average price is $91.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.73 and a current ratio of 2.31. The stock has a market cap of $7.83 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. Weatherford International PLC has a fifty-two week low of $42.75 and a fifty-two week high of $113.15.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.47. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. On average, equities research analysts expect that Weatherford International PLC will post 6.13 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 6th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, May 6th. Weatherford International’s dividend payout ratio (DPR) is presently 17.21%.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.