GAMMA Investing LLC Acquires 231 Shares of Weatherford International PLC (NASDAQ:WFRD)

GAMMA Investing LLC raised its holdings in Weatherford International PLC (NASDAQ:WFRD) by 55.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 645 shares of the company’s stock after purchasing an additional 231 shares during the quarter. GAMMA Investing LLC’s holdings in Weatherford International were worth $35,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank raised 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 position in Weatherford International in the 4th quarter valued at $29,000. Covestor Ltd raised 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. Mattson Financial Services LLC bought a new position in Weatherford International in the 4th quarter valued at $73,000. Finally, Parallel Advisors LLC raised its position in shares of Weatherford International by 450.5% during the first quarter. Parallel Advisors LLC now owns 1,503 shares of the company’s stock worth $80,000 after acquiring an additional 1,230 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Transactions at Weatherford International

In other Weatherford International news, Director Neal P. Goldman bought 12,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of $42.04 per share, with a total value of $504,480.00. Following the completion of the purchase, the director owned 25,311 shares in the company, valued at approximately $1,064,074.44. The trade was a 90.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.09% of the company’s stock.

Weatherford International Stock Up 1.5%

Shares of Weatherford International stock opened at $57.25 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 1.16. Weatherford International PLC has a 12 month low of $36.74 and a 12 month high of $135.00. The business has a fifty day simple moving average of $49.02 and a 200 day simple moving average of $55.55. The stock has a market cap of $4.15 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Weatherford International had a return on equity of 35.88% and a net margin of 8.79%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Research analysts predict that Weatherford International PLC will post 5.89 EPS for the current year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Weatherford International’s payout ratio is 16.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WFRD. Raymond James Financial downgraded Weatherford International from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $73.00 to $69.00 in a research report on Thursday, April 24th. Barclays dropped their target price on Weatherford International from $85.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Piper Sandler dropped their target price on Weatherford International from $80.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Citigroup dropped their target price on 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.63.

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.