State of New Jersey Common Pension Fund D Buys 1,678 Shares of Weatherford International plc (NASDAQ:WFRD)

State of New Jersey Common Pension Fund D increased its stake in Weatherford International plc (NASDAQ:WFRD) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,166 shares of the company’s stock after purchasing an additional 1,678 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Weatherford International worth $3,929,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in Weatherford International by 23.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 560 shares of the company’s stock worth $51,000 after buying an additional 107 shares in the last quarter. Xponance Inc. increased its stake in Weatherford International by 1.1% in the 4th quarter. Xponance Inc. now owns 10,532 shares of the company’s stock worth $1,030,000 after buying an additional 116 shares in the last quarter. Mackenzie Financial Corp increased its stake in Weatherford International by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock worth $440,000 after buying an additional 140 shares in the last quarter. CWM LLC increased its stake in Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after buying an additional 185 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Weatherford International in the 4th quarter worth $27,000. 97.23% of the stock is owned by institutional investors.

Insider Activity at Weatherford International

In related news, CAO Desmond J. Mills sold 11,000 shares of Weatherford International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the transaction, the chief accounting officer now directly owns 18,211 shares of the company’s stock, valued at $1,785,406.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Desmond J. Mills sold 11,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the sale, the chief accounting officer now directly owns 18,211 shares of the company’s stock, valued at $1,785,406.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the transaction, the executive vice president now owns 125,019 shares of the company’s stock, valued at $12,365,629.29. The disclosure for this sale can be found here. Insiders have sold a total of 145,455 shares of company stock valued at $14,863,464 over the last ninety days. 2.20% of the stock is owned by company insiders.

Weatherford International Trading Up 3.5 %

WFRD opened at $127.97 on Friday. The firm has a market cap of $9.36 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.98 and a beta of 0.73. Weatherford International plc has a 12 month low of $55.81 and a 12 month high of $129.70. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $113.86 and a 200 day moving average of $100.75.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Weatherford International plc will post 6.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WFRD. Barclays raised their price objective on Weatherford International from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America raised their price objective on Weatherford International from $123.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 15th. TheStreet upgraded Weatherford International from a “c” rating to a “b” rating in a research report on Monday, March 11th. Raymond James raised their price objective on Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Finally, Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $136.89.

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.