18,222 Shares in Weatherford International PLC $WFRD Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Weatherford International PLC (NASDAQ:WFRD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,222 shares of the company’s stock, valued at approximately $917,000. Weatherford International accounts for approximately 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also made changes to their positions in the stock. American National Bank & Trust raised its position in Weatherford International by 2,392.0% during the second quarter. American National Bank & Trust now owns 623 shares of the company’s stock valued at $31,000 after acquiring an additional 598 shares in the last quarter. Brooklyn Investment Group raised its position in Weatherford International by 30,600.0% during the first quarter. Brooklyn Investment Group now owns 614 shares of the company’s stock valued at $33,000 after acquiring an additional 612 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Weatherford International by 196.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 653 shares of the company’s stock valued at $33,000 after acquiring an additional 433 shares in the last quarter. GAMMA Investing LLC raised its position in Weatherford International by 55.8% during the first quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock valued at $35,000 after acquiring an additional 231 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new position in Weatherford International during the second quarter valued at approximately $43,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on WFRD shares. 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 price objective on the stock. 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 price objective on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $69.00) on shares of Weatherford International in a research report on Thursday, July 24th. Barclays raised their price objective on shares of Weatherford International from $73.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Weatherford International has a consensus rating of “Moderate Buy” and an average target price of $91.33.

Weatherford International Trading Up 2.1%

NASDAQ:WFRD opened at $75.24 on Tuesday. Weatherford International PLC has a 12 month low of $36.74 and a 12 month high of $91.82. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.84 and a beta of 0.79. 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’s 50 day moving average is $65.75 and its 200-day moving average is $56.17.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $2.06 EPS. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Weatherford International PLC will post 5.89 EPS for the current year.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Weatherford International’s payout ratio 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.