Cwm LLC Raises Position in Weatherford International PLC $WFRD

Cwm LLC grew its position in Weatherford International PLC (NASDAQ:WFRD) by 337.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,657 shares of the company’s stock after buying an additional 5,136 shares during the period. Cwm LLC’s holdings in Weatherford International were worth $335,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WFRD. Millennium Management LLC grew its stake in shares of Weatherford International by 429.2% in the first quarter. Millennium Management LLC now owns 1,103,067 shares of the company’s stock worth $59,069,000 after acquiring an additional 894,636 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Weatherford International in the first quarter worth approximately $27,355,000. Bank of New York Mellon Corp grew its stake in shares of Weatherford International by 67.1% in the first quarter. Bank of New York Mellon Corp now owns 1,201,544 shares of the company’s stock worth $64,343,000 after acquiring an additional 482,352 shares during the period. Vanguard Group Inc. grew its stake in shares of Weatherford International by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,050,495 shares of the company’s stock worth $431,104,000 after acquiring an additional 347,584 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of Weatherford International by 1,465.4% in the first quarter. Fiera Capital Corp now owns 352,740 shares of the company’s stock worth $18,889,000 after acquiring an additional 330,206 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $70.00 price target (up from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Weatherford International in a research report on Friday. Melius Research started coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price for the company. Barclays boosted their target price on shares of Weatherford International from $73.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Melius started coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and a consensus price target of $91.33.

Weatherford International Price Performance

Weatherford International stock opened at $70.40 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.82 and a beta of 0.79. The firm’s fifty day moving average is $64.03 and its 200 day moving average is $54.82. The company has a quick ratio of 1.63, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $91.82.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The company’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side 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 Thursday, December 4th. Stockholders of record on Thursday, November 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 6th. Weatherford International’s dividend payout ratio (DPR) is currently 18.12%.

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.