State of New Jersey Common Pension Fund D Increases Stock Position in Weatherford International PLC $WFRD

State of New Jersey Common Pension Fund D increased its position in shares of Weatherford International PLC (NASDAQ:WFRD) by 36.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,829 shares of the company’s stock after acquiring an additional 10,994 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Weatherford International worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WFRD. GAMMA Investing LLC increased its holdings in Weatherford International by 55.8% during the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock worth $35,000 after acquiring an additional 231 shares during the period. Janney Montgomery Scott LLC bought a new stake in Weatherford International during the 1st quarter worth approximately $445,000. Cambridge Investment Research Advisors Inc. increased its holdings in Weatherford International by 39.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the company’s stock worth $252,000 after acquiring an additional 1,325 shares during the period. KBC Group NV increased its holdings in Weatherford International by 23.2% during the 1st quarter. KBC Group NV now owns 3,754 shares of the company’s stock worth $201,000 after acquiring an additional 706 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in Weatherford International by 2.0% during the 1st quarter. New York State Teachers Retirement System now owns 71,486 shares of the company’s stock worth $3,828,000 after acquiring an additional 1,374 shares during the period. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

Shares of NASDAQ WFRD opened at $73.18 on Thursday. The firm has a 50 day moving average of $64.93 and a 200 day moving average of $55.48. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. Weatherford International PLC has a 12-month low of $36.74 and a 12-month high of $91.82.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.03). The business 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 business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.00 annualized dividend and a yield of 1.4%. Weatherford International’s payout ratio is currently 18.12%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WFRD. Melius began coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They set a “buy” rating and a $108.00 price target for the company. Piper Sandler lifted their price target on shares of Weatherford International from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $70.00 target price (up from $69.00) on shares of Weatherford International in a report on Thursday, July 24th. Melius Research started coverage on shares of Weatherford International in a report on Wednesday, August 20th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weatherford International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.33.

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.