Yousif Capital Management LLC Sells 385 Shares of Weatherford International plc (NASDAQ:WFRD)

Yousif Capital Management LLC trimmed its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,465 shares of the company’s stock after selling 385 shares during the period. Yousif Capital Management LLC’s holdings in Weatherford International were worth $3,372,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its holdings in shares of Weatherford International by 23.6% in the third quarter. Parkside Financial Bank & Trust now owns 560 shares of the company’s stock valued at $51,000 after purchasing an additional 107 shares in the last quarter. Xponance Inc. lifted its stake in shares of Weatherford International by 1.1% during the fourth quarter. Xponance Inc. now owns 10,532 shares of the company’s stock valued at $1,030,000 after acquiring an additional 116 shares during the period. Mackenzie Financial Corp boosted its holdings in Weatherford International by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock valued at $440,000 after acquiring an additional 140 shares during the last quarter. CWM LLC increased its position in Weatherford International by 145.7% in the fourth quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after purchasing an additional 185 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Weatherford International during the 4th quarter worth about $27,000. Institutional investors own 97.23% of the company’s stock.

Insider Buying and Selling at Weatherford International

In related news, Director Charles M. Sledge sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the transaction, the director now directly owns 32,729 shares of the company’s stock, valued at $4,041,049.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Weatherford International news, Director Charles M. Sledge sold 10,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the sale, the director now owns 32,729 shares in the company, valued at $4,041,049.63. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the transaction, the executive vice president now owns 125,019 shares in the company, valued at $12,365,629.29. The disclosure for this sale can be found here. Insiders sold a total of 145,455 shares of company stock worth $14,863,464 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Weatherford International Price Performance

NASDAQ WFRD opened at $127.97 on Monday. Weatherford International plc has a 12-month low of $55.81 and a 12-month high of $129.70. The firm’s 50 day moving average is $113.86 and its 200-day moving average is $100.84. The company has a market capitalization of $9.36 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. Equities research analysts anticipate that Weatherford International plc will post 6.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Weatherford International from $123.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Evercore ISI lifted their target price on shares of Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays increased their price target on Weatherford International from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler boosted their target price on Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research report on Wednesday, April 24th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $143.75.

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.