Which institution holds the most shares in Weatherford International plc (WFRD)

Weatherford International plc (NASDAQ: WFRD) is 0.63% higher on its value in year-to-date trading and has touched a low of $51.46 and a high of $102.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WFRD stock was last observed hovering at around $93.95 in the last trading session, with the day’s gains setting it 4.5%.

Currently trading at $98.45, the stock is 6.20% and 6.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 4.79% at the moment leaves the stock 19.03% off its SMA200. WFRD registered 71.88% gain for a year compared to 6-month gain of 14.25%. The firm has a 50-day simple moving average (SMA 50) of $1.62 and a 200-day simple moving average (SMA200) of $8.19.

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The stock witnessed a 7.42% loss in the last 1 month and extending the period to 3 months gives it a 6.77%, and is 11.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.54% over the week and 4.19% over the month.

Weatherford International plc (WFRD) has around 18500 employees, a market worth around $7.10B and $5.13B in sales. Current P/E ratio is 17.42 and Fwd P/E is 11.68. Profit margin for the company is 8.12%. Distance from 52-week low is 91.31% and -4.09% from its 52-week high. The company has generated returns on investments over the last 12 months (15.05%).

Weatherford International plc quarterly earnings per share for the current quarter are estimated at $1.37 with sales reaching $1.32B over the same period.The EPS is expected to grow by 19.84% this year, but quarterly earnings will post 10.40% year-over-year. Quarterly sales are estimated to grow 11.30% in year-over-year returns.

435 institutions hold shares in Weatherford International plc (WFRD), with institutional investors hold 102.94% of the company’s shares. The shares outstanding are 72.00M, and float is at 70.53M with Short Float at 4.65%. Institutions hold 100.72% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 7.66 million shares valued at $509.11 million. The investor’s holdings represent 10.64% of the WFRD Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 6.13 million shares valued at $407.35 million to account for 8.51% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.93 million shares representing 6.84% and valued at over $327.35 million, while Yacktman Asset Management Lp holds 5.30% of the shares totaling 3.82 million with a market value of $253.78 million.

Weatherford International plc (WFRD) Insider Activity

A total of 3 insider transactions have happened at Weatherford International plc (WFRD) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by Mongrain Joseph H, the company’s EVP & Chief People Officer. SEC filings show that Mongrain Joseph H sold 17,071 shares of the company’s common stock on Dec 05 at a price of $89.91 per share for a total of $1.53 million. Following the sale, the insider now owns 30483.0 shares.

Weatherford International plc disclosed in a document filed with the SEC on May 23 that Saligram Girish (President and CEO) sold a total of 50,750 shares of the company’s common stock. The trade occurred on May 23 and was made at $59.34 per share for $3.01 million. Following the transaction, the insider now directly holds 0.89 million shares of the WFRD stock.

Still, SEC filings show that on May 18, Mills Desmond J (SVP & Chief Accounting Officer) disposed off 15,000 shares at an average price of $57.42 for $0.86 million. The insider now directly holds 26,761 shares of Weatherford International plc (WFRD).

Weatherford International plc (WFRD): Who are the competitors?

One of the company’s main competitors (and peers) include Flotek Industries Inc. (FTK) that is trading -57.98% down over the past 12 months.Schlumberger Ltd. (SLB) lies in the list of competitors of the Weatherford International plc and is -15.21% lower over the same period from WFRDBaker Hughes Co. (BKR) is -10.94% down on the 1-year trading charts.