Yousif Capital Management LLC Has $1.33 Million Position in Weatherford International PLC (NASDAQ:WFRD)

Yousif Capital Management LLC lowered its position in Weatherford International PLC (NASDAQ:WFRD) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,859 shares of the company’s stock after selling 635 shares during the quarter. Yousif Capital Management LLC’s holdings in Weatherford International were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after buying an additional 204 shares during the period. Huntington National Bank increased its stake in shares of Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 257 shares during the period. Zions Bancorporation N.A. acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $29,000. Covestor Ltd increased its stake in shares of Weatherford International by 30.1% in the fourth quarter. Covestor Ltd now owns 926 shares of the company’s stock valued at $66,000 after buying an additional 214 shares during the period. Finally, Mattson Financial Services LLC acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analysts Set New Price Targets

WFRD has been the subject of several recent research reports. Raymond James Financial downgraded Weatherford International from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $73.00 to $69.00 in a research note on Thursday, April 24th. Piper Sandler decreased their target price on shares of Weatherford International from $80.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Barclays decreased their target price on shares of Weatherford International from $85.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Finally, Citigroup decreased their target price on shares of Weatherford International from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.63.

Insiders Place Their Bets

In other Weatherford International news, Director Neal P. Goldman purchased 12,000 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the acquisition, the director now owns 25,311 shares of the company’s stock, valued at approximately $1,064,074.44. This represents a 90.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Weatherford International Price Performance

Weatherford International stock opened at $51.75 on Wednesday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.47 and a beta of 0.73. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $135.00. The stock’s 50 day moving average price is $46.06 and its two-hundred day moving average price is $58.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.52 and a current ratio of 2.08.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 35.88% and a net margin of 8.79%. On average, equities analysts predict that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, May 6th. Weatherford International’s payout ratio is 16.00%.

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.