Weatherford International PLC $WFRD Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in shares of Weatherford International PLC (NASDAQ:WFRD) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 849,273 shares of the company’s stock after buying an additional 63,445 shares during the period. Weatherford International accounts for 0.2% of Gotham Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Gotham Asset Management LLC owned 1.18% of Weatherford International worth $66,464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WFRD. Holocene Advisors LP boosted its stake in 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 buying an additional 1,443,512 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Weatherford International by 1,040.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,244,464 shares of the company’s stock worth $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 fourth quarter worth $61,399,000. Barclays PLC boosted its stake in Weatherford International by 1,096.6% during the fourth quarter. Barclays PLC now owns 855,752 shares of the company’s stock worth $66,971,000 after buying an additional 784,237 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Weatherford International by 154.3% during the third quarter. Millennium Management LLC now owns 1,159,192 shares of the company’s stock worth $79,324,000 after buying an additional 703,401 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

WFRD has been the topic of a number of recent research reports. Wall Street Zen raised Weatherford International from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Royal Bank Of Canada assumed coverage on Weatherford International in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $105.00 price target on the stock. The Goldman Sachs Group upped their price target on Weatherford International from $83.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Weiss Ratings lowered Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, UBS Group upped their price target on Weatherford International from $105.00 to $113.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Weatherford International presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.67.

Weatherford International Stock Performance

Shares of Weatherford International stock opened at $94.15 on Thursday. Weatherford International PLC has a 52 week low of $46.20 and a 52 week high of $113.15. The business’s fifty day simple moving average is $104.16 and its 200-day simple moving average is $94.83. The firm has a market cap of $6.77 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.88 and a beta of 0.82. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 0.83.

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

Weatherford International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 6th. Weatherford International’s dividend payout ratio is currently 17.21%.

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.