Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Weatherford International PLC $WFRD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Weatherford International PLC (NASDAQ:WFRD) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,642 shares of the company’s stock after acquiring an additional 1,229 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Weatherford International were worth $938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Weatherford International by 429.2% during the first quarter. Millennium Management LLC now owns 1,103,067 shares of the company’s stock valued at $59,069,000 after purchasing an additional 894,636 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in Weatherford International during the first quarter valued at $27,355,000. Vanguard Group Inc. raised its stake in Weatherford International by 4.5% during the first quarter. Vanguard Group Inc. now owns 8,050,495 shares of the company’s stock valued at $431,104,000 after buying an additional 347,584 shares during the last quarter. Fiera Capital Corp boosted its holdings in 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 in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Weatherford International in the first quarter worth $17,168,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

WFRD has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of Weatherford International from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Melius assumed 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. Barclays upped their target price on shares of Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Zacks Research raised shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Weatherford International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Weatherford International has a consensus rating of “Moderate Buy” and an average target price of $88.56.

Weatherford International Stock Performance

Shares of WFRD stock opened at $73.31 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $68.45 and a 200-day moving average price of $59.06. Weatherford International PLC has a 52 week low of $36.74 and a 52 week high of $87.63. The firm has a market capitalization of $5.26 billion, a PE ratio of 13.28, a P/E/G ratio of 1.84 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD) last issued 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). Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $2.06 EPS. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

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 paid 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 18.12%.

Weatherford International Company 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.