42,494 Shares in Weatherford International PLC $WFRD Acquired by Dockside LLC

Dockside LLC bought a new position in shares of Weatherford International PLC (NASDAQ:WFRD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,494 shares of the company’s stock, valued at approximately $3,326,000. Dockside LLC owned 0.06% of Weatherford International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Los Angeles Capital Management LLC bought a new stake in Weatherford International during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 253 shares during the period. Leonteq Securities AG purchased a new position in Weatherford International in the 4th quarter worth approximately $39,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Weatherford International in the 3rd quarter worth approximately $41,000. Institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Weatherford International from $83.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. UBS Group boosted their price target on shares of Weatherford International from $105.00 to $113.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings cut shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Barclays boosted their price target on shares of Weatherford International from $111.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada assumed coverage on shares of Weatherford International in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $105.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Weatherford International has an average rating of “Moderate Buy” and a consensus target price of $110.67.

Weatherford International Price Performance

Shares of Weatherford International stock opened at $101.31 on Friday. Weatherford International PLC has a 52-week low of $46.20 and a 52-week high of $113.15. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.82. The company has a fifty day moving average of $104.02 and a 200-day moving average of $94.16. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.73 and a current ratio of 2.31.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.47. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that Weatherford International PLC will post 6.13 EPS for the current year.

Weatherford International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 6th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. Weatherford International’s dividend payout ratio is 17.21%.

Weatherford International Profile

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.