Intech Investment Management LLC Trims Stock Position in Weatherford International PLC $WFRD

Intech Investment Management LLC trimmed its position in Weatherford International PLC (NASDAQ:WFRD) by 45.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 75,806 shares of the company’s stock after selling 62,665 shares during the period. Intech Investment Management LLC’s holdings in Weatherford International were worth $3,814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Weatherford International by 1,002.0% during the 1st quarter. Signaturefd LLC now owns 1,091 shares of the company’s stock worth $58,000 after purchasing an additional 992 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Weatherford International during the first quarter valued at about $522,000. Russell Investments Group Ltd. raised its stake in shares of Weatherford International by 23.8% in the 1st quarter. Russell Investments Group Ltd. now owns 51,977 shares of the company’s stock valued at $2,783,000 after acquiring an additional 9,981 shares during the period. New Age Alpha Advisors LLC lifted its holdings in shares of Weatherford International by 190.1% in the 1st quarter. New Age Alpha Advisors LLC now owns 46,675 shares of the company’s stock worth $2,499,000 after acquiring an additional 30,585 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Weatherford International in the 1st quarter worth approximately $2,356,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Stock Performance

Shares of WFRD stock opened at $71.40 on Wednesday. Weatherford International PLC has a 12 month low of $36.74 and a 12 month high of $87.63. 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 company has a market cap of $5.12 billion, a P/E ratio of 12.93, a PEG ratio of 1.84 and a beta of 0.79. The firm has a fifty day moving average price of $67.93 and a 200 day moving average price of $58.46.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

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

Wall Street Analyst Weigh In

WFRD has been the subject of several research reports. 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. BMO Capital Markets began coverage on shares of Weatherford International in a research note on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective for the company. The Goldman Sachs Group upped their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a research note on Wednesday, October 8th. Finally, Barclays boosted 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. One 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. According to data from MarketBeat, the stock presently 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.