Cooke & Bieler LP Boosts Stock Position in Weatherford International PLC $WFRD

Cooke & Bieler LP boosted its holdings in Weatherford International PLC (NASDAQ:WFRD) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,520 shares of the company’s stock after buying an additional 1,970 shares during the quarter. Cooke & Bieler LP owned approximately 0.40% of Weatherford International worth $14,415,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group boosted its stake in Weatherford International by 30,600.0% in 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. American National Bank & Trust boosted its stake in Weatherford International by 2,392.0% in 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. GAMMA Investing LLC boosted its stake in Weatherford International by 55.8% in 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. MassMutual Private Wealth & Trust FSB boosted its stake in Weatherford International by 196.8% in 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. Finally, Byrne Asset Management LLC acquired a new position in Weatherford International in the second quarter valued at $43,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WFRD. Melius Research began coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price objective 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. Melius began coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price objective for the company. Zacks Research upgraded shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.33.

Weatherford International Price Performance

Shares of WFRD opened at $73.69 on Friday. Weatherford International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $91.82. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The firm has a 50-day simple moving average of $65.49 and a 200-day simple moving average of $55.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 2.07.

Weatherford International (NASDAQ:WFRD) last announced its earnings results 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.Weatherford International’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities 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. Investors of record on Thursday, November 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 6th. Weatherford International’s dividend payout ratio is currently 18.12%.

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.