TD Private Client Wealth LLC Makes New $140,000 Investment in Weatherford International plc (NASDAQ:WFRD)

TD Private Client Wealth LLC bought a new stake in Weatherford International plc (NASDAQ:WFRD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,956 shares of the company’s stock, valued at approximately $140,000.

Several other hedge funds also recently modified their holdings of WFRD. Xponance Inc. lifted its holdings in Weatherford International by 1.0% in the fourth quarter. Xponance Inc. now owns 17,072 shares of the company’s stock valued at $1,223,000 after buying an additional 167 shares during the period. Boston Partners raised its position in shares of Weatherford International by 5.5% during the 4th quarter. Boston Partners now owns 2,777,128 shares of the company’s stock valued at $198,877,000 after acquiring an additional 144,396 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Weatherford International by 9.5% in the 4th quarter. William Blair Investment Management LLC now owns 500,005 shares of the company’s stock valued at $35,815,000 after purchasing an additional 43,182 shares during the period. Royce & Associates LP acquired a new position in shares of Weatherford International in the 4th quarter valued at $7,189,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Weatherford International by 123.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,484 shares of the company’s stock worth $679,000 after purchasing an additional 5,239 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group downgraded Weatherford International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $98.00 in a report on Friday, December 13th. Raymond James lowered their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Benchmark reduced their price objective on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Barclays decreased their price objective on shares of Weatherford International from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler cut their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.63.

Weatherford International Price Performance

NASDAQ WFRD opened at $54.82 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.65 and a beta of 0.61. The business has a 50 day simple moving average of $63.12 and a 200 day simple moving average of $75.52. Weatherford International plc has a 52-week low of $51.24 and a 52-week high of $135.00.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Insider Buying and Selling at Weatherford International

In related news, CFO Arunava Mitra sold 10,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares in the company, valued at approximately $1,423,835.04. This represents a 32.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the sale, the executive vice president now owns 125,019 shares in the company, valued at $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock valued at $6,207,725 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.