Measured Wealth Private Client Group LLC Raises Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Measured Wealth Private Client Group LLC lifted its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,784 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Weatherford International were worth $370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WFRD. AE Wealth Management LLC purchased a new position in shares of Weatherford International during the third quarter worth about $243,000. SG Americas Securities LLC grew its holdings in shares of Weatherford International by 30.4% during the third quarter. SG Americas Securities LLC now owns 6,385 shares of the company’s stock worth $577,000 after purchasing an additional 1,487 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Weatherford International during the third quarter worth about $773,000. Xponance Inc. lifted its position in Weatherford International by 123.9% in the 3rd quarter. Xponance Inc. now owns 10,416 shares of the company’s stock worth $941,000 after buying an additional 5,763 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Weatherford International by 77.6% in the 3rd quarter. Raymond James & Associates now owns 72,878 shares of the company’s stock worth $6,583,000 after buying an additional 31,838 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

WFRD has been the subject of a number of recent research reports. Barclays boosted their target price on Weatherford International from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Evercore ISI boosted their target price on Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Piper Sandler boosted their target price on Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. TheStreet upgraded Weatherford International from a “c” rating to a “b” rating in a research report on Monday, March 11th. Finally, Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research report on Wednesday, April 24th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $145.00.

Insider Activity at Weatherford International

In related news, Director Benjamin Duster sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the completion of the transaction, the director now owns 12,801 shares in the company, valued at $1,241,440.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Benjamin Duster sold 12,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $96.98, for a total value of $1,163,760.00. Following the sale, the director now directly owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the sale, the director now directly owns 32,729 shares in the company, valued at $4,041,049.63. The disclosure for this sale can be found here. Insiders sold a total of 145,455 shares of company stock worth $14,863,464 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Weatherford International Trading Up 0.3 %

WFRD stock traded up $0.33 during midday trading on Friday, hitting $122.60. The company had a trading volume of 553,471 shares, compared to its average volume of 821,486. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 1.48. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.88 and a beta of 0.71. The stock’s 50 day moving average price is $115.81 and its 200 day moving average price is $101.74. Weatherford International plc has a 52 week low of $55.81 and a 52 week high of $129.70.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts expect that Weatherford International plc will post 6.94 earnings per share for the current fiscal year.

Weatherford International Company Profile

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.