Weatherford International PLC $WFRD Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in shares of Weatherford International PLC (NASDAQ:WFRD) by 15.4% in the second quarter, Holdings Channel reports. The fund owned 24,627 shares of the company’s stock after selling 4,481 shares during the period. Bank of Montreal Can’s holdings in Weatherford International were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Weatherford International by 14.2% during the second quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $75,000 after purchasing an additional 187 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Weatherford International by 1.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 22,933 shares of the company’s stock valued at $1,154,000 after buying an additional 273 shares during the period. Covestor Ltd raised its position in Weatherford International by 34.3% during the 1st quarter. Covestor Ltd now owns 1,244 shares of the company’s stock worth $67,000 after buying an additional 318 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Weatherford International by 66.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,071 shares of the company’s stock worth $54,000 after acquiring an additional 426 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Weatherford International by 196.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 653 shares of the company’s stock worth $33,000 after acquiring an additional 433 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $72.20 on Friday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.07 and a quick ratio of 1.55. The business’s 50 day simple moving average is $67.55 and its 200-day simple moving average is $57.86. Weatherford International PLC has a 12 month low of $36.74 and a 12 month high of $87.63.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.03). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Weatherford International PLC will post 5.89 earnings per share 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 6th. Weatherford International’s payout ratio is 18.12%.

Analyst Upgrades and Downgrades

WFRD has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Weatherford International from $66.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. BMO Capital Markets initiated coverage on Weatherford International in a report on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective on the stock. Barclays increased their target price on Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Weatherford International in a report on Wednesday, October 8th. Finally, Melius Research began coverage on Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 price objective on the stock. 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 company’s stock. According to data from MarketBeat.com, Weatherford International currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.56.

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.