Weatherford International PLC $WFRD Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in shares of Weatherford International PLC (NASDAQ:WFRD) by 8.1% in the 4th quarter, HoldingsChannel reports. The fund owned 849,273 shares of the company’s stock after buying an additional 63,445 shares during the quarter. Weatherford International accounts for approximately 0.2% of Gotham Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Gotham Asset Management LLC’s holdings in Weatherford International were worth $66,464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capital Research Global Investors boosted its position in shares of Weatherford International by 1.8% during the 3rd quarter. Capital Research Global Investors now owns 5,673,603 shares of the company’s stock worth $388,245,000 after acquiring an additional 98,663 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Weatherford International by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,156,773 shares of the company’s stock valued at $403,571,000 after purchasing an additional 281,984 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Weatherford International by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,928,226 shares of the company’s stock valued at $150,903,000 after purchasing an additional 66,553 shares during the period. Holocene Advisors LP boosted its position in shares of Weatherford International by 712.8% in the 2nd quarter. Holocene Advisors LP now owns 1,646,034 shares of the company’s stock valued at $82,812,000 after purchasing an additional 1,443,512 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Weatherford International by 43.5% in the 3rd quarter. First Trust Advisors LP now owns 1,572,422 shares of the company’s stock valued at $107,601,000 after purchasing an additional 476,575 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Down 3.8%

Weatherford International stock opened at $94.15 on Thursday. Weatherford International PLC has a twelve month low of $46.20 and a twelve month high of $113.15. The stock has a 50 day moving average of $104.16 and a two-hundred day moving average of $94.83. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.88 and a beta of 0.82.

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, topping analysts’ consensus estimates of $1.02 by $0.47. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, research analysts expect that Weatherford International PLC will post 6.13 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 6th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 6th. Weatherford International’s dividend payout ratio (DPR) is presently 17.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WFRD. Citigroup upped their target price on Weatherford International from $134.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Barclays upped their target price on Weatherford International from $111.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Piper Sandler upped their target price on Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Zacks Research raised Weatherford International from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.67.

Weatherford International Company Profile

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.