Leuthold Group LLC Sells 22,309 Shares of Weatherford International PLC $WFRD

Leuthold Group LLC decreased its stake in Weatherford International PLC (NASDAQ:WFRD) by 57.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 16,555 shares of the company’s stock after selling 22,309 shares during the quarter. Leuthold Group LLC’s holdings in Weatherford International were worth $1,303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in shares of Weatherford International by 43.8% during the 3rd quarter. Retirement Systems of Alabama now owns 237,084 shares of the company’s stock worth $18,654,000 after acquiring an additional 72,192 shares during the last quarter. Ethic Inc. grew its position in Weatherford International by 5.5% in the third quarter. Ethic Inc. now owns 23,867 shares of the company’s stock worth $1,878,000 after acquiring an additional 1,249 shares in the last quarter. Parallel Advisors LLC grew its position in Weatherford International by 6.5% in the third quarter. Parallel Advisors LLC now owns 4,230 shares of the company’s stock worth $333,000 after acquiring an additional 257 shares in the last quarter. Vise Technologies Inc. increased its stake in Weatherford International by 82.0% in the third quarter. Vise Technologies Inc. now owns 13,696 shares of the company’s stock valued at $1,078,000 after acquiring an additional 6,170 shares during the last quarter. Finally, Childress Capital Advisors LLC increased its stake in Weatherford International by 14.1% in the third quarter. Childress Capital Advisors LLC now owns 3,697 shares of the company’s stock valued at $291,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $84.31 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.61. The stock has a market cap of $6.11 billion, a PE ratio of 15.03, a PEG ratio of 1.45 and a beta of 0.83. The company’s fifty day moving average is $84.34 and its 200 day moving average is $92.83. Weatherford International PLC has a 52 week low of $68.49 and a 52 week high of $113.15.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. Weatherford International had a net margin of 8.64% and a return on equity of 22.39%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. Research analysts anticipate that Weatherford International PLC will post 5.57 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be paid a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 6th. Weatherford International’s payout ratio is 19.61%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WFRD shares. Piper Sandler lowered their price target on Weatherford International from $118.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. The Goldman Sachs Group reduced their price objective on Weatherford International from $106.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Zacks Research raised Weatherford International from a “strong sell” rating to a “hold” rating in a report on Friday, October 23rd. Weiss Ratings upgraded Weatherford International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Finally, Barclays cut their target price on Weatherford International from $148.00 to $139.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Weatherford International currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.57.

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to oil and natural gas operators. Its offerings support multiple stages of the well lifecycle, including drilling and construction, formation evaluation, completion, production and well intervention. The company’s products and services include artificial-lift systems, drilling and well-construction technologies, completion tools, production optimization, and digital solutions for monitoring and managing operations.