Intrust Bank NA Sells 761 Shares of Weatherford International plc (NASDAQ:WFRD)

Intrust Bank NA decreased its position in shares of Weatherford International plc (NASDAQ:WFRD) by 16.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,963 shares of the company’s stock after selling 761 shares during the quarter. Intrust Bank NA’s holdings in Weatherford International were worth $284,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in shares of Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after buying an additional 204 shares during the period. Zions Bancorporation N.A. bought a new position in Weatherford International in the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in Weatherford International during the 4th quarter worth $36,000. Millburn Ridgefield Corp bought a new stake in shares of Weatherford International during the 3rd quarter valued at $42,000. Finally, Blue Trust Inc. lifted its stake in shares of Weatherford International by 643.0% in the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock valued at $92,000 after purchasing an additional 1,106 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Weatherford International

In other news, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Arunava Mitra sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.57, for a total value of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares of the company’s stock, valued at $1,423,835.04. The trade was a 32.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,692 shares of company stock worth $6,207,725. Corporate insiders own 1.60% of the company’s stock.

Weatherford International Stock Down 2.9 %

Shares of WFRD stock opened at $53.10 on Monday. Weatherford International plc has a 12-month low of $51.24 and a 12-month high of $135.00. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $62.09 and a 200-day moving average of $74.78. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 1.65 and a beta of 0.61.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. As a group, equities research analysts predict that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio is presently 14.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler decreased their price objective on Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Raymond James lowered their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Benchmark decreased their price objective on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th. Barclays lowered their target price on shares of Weatherford International from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group cut shares of Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.63.

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.