TD Private Client Wealth LLC Boosts Stock Holdings in Weatherford International PLC $WFRD

TD Private Client Wealth LLC increased its stake in Weatherford International PLC (NASDAQ:WFRD) by 30.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,075 shares of the company’s stock after acquiring an additional 715 shares during the quarter. TD Private Client Wealth LLC’s holdings in Weatherford International were worth $155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Weatherford International by 1,002.0% in the 1st quarter. Signaturefd LLC now owns 1,091 shares of the company’s stock worth $58,000 after acquiring an additional 992 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Weatherford International in the 1st quarter worth $445,000. Algert Global LLC purchased a new stake in Weatherford International in the 1st quarter worth $522,000. GAMMA Investing LLC increased its holdings in Weatherford International by 55.8% in the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock worth $35,000 after acquiring an additional 231 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in Weatherford International during the 1st quarter worth $419,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Melius assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. Barclays lowered their target price on shares of Weatherford International from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. Zacks Research raised shares of Weatherford International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Melius Research initiated coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Weatherford International presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.70.

Weatherford International Stock Up 2.2%

Shares of WFRD opened at $69.61 on Monday. The firm has a market cap of $5.00 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.90 and a beta of 0.78. Weatherford International PLC has a 12-month low of $36.74 and a 12-month high of $95.58. The company’s 50-day moving average price is $60.31 and its 200 day moving average price is $52.71. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.90. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. Weatherford International’s revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. On average, sell-side analysts forecast that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 6th. Weatherford International’s dividend payout ratio (DPR) is currently 15.48%.

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.