Universal Beteiligungs und Servicegesellschaft mbH Purchases 43,179 Shares of Weatherford International PLC $WFRD

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Weatherford International PLC (NASDAQ:WFRD) by 100.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,314 shares of the company’s stock after purchasing an additional 43,179 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Weatherford International were worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WFRD. Frontier Capital Management Co. LLC increased its holdings in Weatherford International by 110.8% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 708,180 shares of the company’s stock valued at $35,629,000 after buying an additional 372,192 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in shares of Weatherford International during the 3rd quarter valued at about $20,725,000. Atlantic Investment Management Inc. increased its stake in Weatherford International by 13.0% in the second quarter. Atlantic Investment Management Inc. now owns 647,274 shares of the company’s stock valued at $32,564,000 after acquiring an additional 74,465 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in Weatherford International in the second quarter worth about $2,019,000. Finally, Stephens Inc. AR lifted its stake in Weatherford International by 188.1% during the third quarter. Stephens Inc. AR now owns 11,944 shares of the company’s stock worth $817,000 after purchasing an additional 7,798 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kristin Ruzicka sold 2,129 shares of Weatherford International stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $77.25, for a total value of $164,465.25. Following the completion of the transaction, the executive vice president directly owned 15,673 shares of the company’s stock, valued at $1,210,739.25. The trade was a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WFRD has been the topic of several analyst reports. BMO Capital Markets initiated coverage on Weatherford International in a research note on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective on the stock. The Goldman Sachs Group boosted their price target on Weatherford International from $66.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. UBS Group initiated coverage on Weatherford International in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $82.00 price target on the stock. Barclays cut their price objective on Weatherford International from $111.00 to $109.00 and set an “overweight” rating for the company in a report on Friday. Finally, Piper Sandler upped their target price on shares of Weatherford International from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Weatherford International currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Weatherford International Trading Up 0.6%

Shares of WFRD opened at $90.46 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 16.39 and a beta of 0.79. The stock has a fifty day moving average price of $80.15 and a two-hundred day moving average price of $69.24. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $93.14.

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.