Truvestments Capital LLC Purchases 1,064 Shares of Weatherford International plc (NASDAQ:WFRD)

Truvestments Capital LLC increased its position in shares of Weatherford International plc (NASDAQ:WFRD) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,048 shares of the company’s stock after buying an additional 1,064 shares during the period. Truvestments Capital LLC’s holdings in Weatherford International were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Weatherford International by 364.9% during the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after buying an additional 281 shares during the last quarter. Lindbrook Capital LLC increased its stake in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Weatherford International in the third quarter valued at $42,000. R Squared Ltd bought a new stake in Weatherford International in the fourth quarter valued at $36,000. Finally, Blue Trust Inc. increased its stake in Weatherford International by 643.0% in the fourth 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 in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 4,762 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the transaction, the executive vice president now directly owns 11,109 shares in the company, valued at $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the business’s 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 owns 125,019 shares in the company, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,692 shares of company stock worth $6,207,725 over the last three months. 1.60% of the stock is currently owned by insiders.

Weatherford International Stock Up 2.8 %

Shares of NASDAQ WFRD opened at $53.72 on Thursday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a 50-day moving average price of $66.46 and a 200-day moving average price of $78.70. Weatherford International plc has a 1 year low of $51.24 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49.

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

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, February 21st. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Wall Street Analysts Forecast Growth

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

Weatherford International 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.