10,322 Shares in Weatherford International PLC $WFRD Acquired by Rokos Capital Management LLP

Rokos Capital Management LLP purchased a new stake in shares of Weatherford International PLC (NASDAQ:WFRD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,322 shares of the company’s stock, valued at approximately $976,000.

Other institutional investors have also recently bought and sold shares of the company. Holocene Advisors LP grew its holdings in shares of Weatherford International by 712.8% during the second quarter. Holocene Advisors LP now owns 1,646,034 shares of the company’s stock worth $82,812,000 after purchasing an additional 1,443,512 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Weatherford International by 1,040.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,244,464 shares of the company’s stock valued at $97,392,000 after buying an additional 1,135,338 shares during the last quarter. Norges Bank acquired a new position in Weatherford International during the 4th quarter worth about $61,399,000. Barclays PLC grew its holdings in Weatherford International by 1,096.6% during the 4th quarter. Barclays PLC now owns 855,752 shares of the company’s stock worth $66,971,000 after acquiring an additional 784,237 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Weatherford International by 154.3% during the 3rd quarter. Millennium Management LLC now owns 1,159,192 shares of the company’s stock worth $79,324,000 after acquiring an additional 703,401 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WFRD. Barclays dropped their target price on shares of Weatherford International from $154.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research cut shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings cut shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Citigroup decreased their price objective on Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Weatherford International presently has an average rating of “Moderate Buy” and an average target price of $113.44.

Weatherford International Stock Down 3.1%

Shares of NASDAQ:WFRD opened at $85.92 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.12 and a beta of 0.86. The company has a 50 day moving average of $92.75 and a 200-day moving average of $95.87. Weatherford International PLC has a one year low of $52.70 and a one year high of $113.15.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.35). Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted $1.87 earnings per share. Weatherford International’s revenue was down 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that Weatherford International PLC will post 5.42 earnings per share for the current year.

Weatherford International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 6th. Weatherford International’s dividend payout ratio (DPR) is currently 21.70%.

Weatherford International Company 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.