Interval Partners LP Purchases 7,211 Shares of Weatherford International plc (NASDAQ:WFRD)

Interval Partners LP raised its position in Weatherford International plc (NASDAQ:WFRD) by 36.3% in the 4th quarter, Holdings Channel reports. The firm owned 27,076 shares of the company’s stock after buying an additional 7,211 shares during the period. Interval Partners LP’s holdings in Weatherford International were worth $1,939,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $546,000. Amundi boosted its holdings in shares of Weatherford International by 154.7% in the fourth quarter. Amundi now owns 38,993 shares of the company’s stock valued at $2,813,000 after buying an additional 23,685 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Weatherford International by 9.5% in the fourth quarter. William Blair Investment Management LLC now owns 500,005 shares of the company’s stock valued at $35,815,000 after buying an additional 43,182 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $7,215,000. Finally, American Century Companies Inc. boosted its holdings in shares of Weatherford International by 29.4% in the fourth quarter. American Century Companies Inc. now owns 280,510 shares of the company’s stock valued at $20,093,000 after buying an additional 63,775 shares during the period. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Up 1.1%

Shares of NASDAQ WFRD opened at $46.07 on Monday. The company has a market capitalization of $3.34 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. Weatherford International plc has a 52-week low of $36.74 and a 52-week high of $135.00. 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 company’s 50 day moving average price is $47.70 and its 200-day moving average price is $64.74.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.14. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Equities analysts forecast that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. Weatherford International’s dividend payout ratio (DPR) is presently 16.00%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler reduced their target price on shares of Weatherford International from $80.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Barclays reduced their target price on shares of Weatherford International from $85.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Benchmark dropped their price target on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Raymond James lowered shares of Weatherford International from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $73.00 to $69.00 in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Weatherford International presently has a consensus rating of “Moderate Buy” and an average target price of $99.75.

Insider Buying and Selling at Weatherford International

In other news, Director Neal P. Goldman bought 12,000 shares of Weatherford International stock in a transaction dated Thursday, April 24th. The stock was purchased at an average price of $42.04 per share, for a total transaction of $504,480.00. Following the purchase, the director now directly owns 25,311 shares in the company, valued at $1,064,074.44. The trade was a 90.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.09% 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.