PNC Financial Services Group Inc. Raises Stock Holdings in Weatherford International PLC $WFRD

PNC Financial Services Group Inc. raised its position in shares of Weatherford International PLC (NASDAQ:WFRD) by 53.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,495 shares of the company’s stock after purchasing an additional 1,563 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Weatherford International were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WFRD. American National Bank & Trust boosted its holdings in shares of Weatherford International by 2,392.0% during the second quarter. American National Bank & Trust now owns 623 shares of the company’s stock worth $31,000 after purchasing an additional 598 shares during the period. Brooklyn Investment Group lifted its holdings in Weatherford International by 30,600.0% in the 1st quarter. Brooklyn Investment Group now owns 614 shares of the company’s stock worth $33,000 after buying an additional 612 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 buying an additional 433 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Weatherford International in the 2nd quarter worth approximately $43,000. Finally, GAMMA Investing LLC increased its stake in shares of Weatherford International by 66.0% during the second quarter. GAMMA Investing LLC now owns 1,071 shares of the company’s stock valued at $54,000 after buying an additional 426 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

Weatherford International stock opened at $72.28 on Friday. Weatherford International PLC has a twelve month low of $36.74 and a twelve month high of $86.64. 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 market capitalization of $5.18 billion, a P/E ratio of 13.09, a PEG ratio of 1.84 and a beta of 0.79. The stock’s 50 day moving average is $69.18 and its 200 day moving average is $59.63.

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

Weatherford International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group raised their price target on Weatherford International from $66.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Zacks Research raised shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. 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 target on the stock. Barclays raised their price objective on shares of Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Melius assumed coverage on Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.56.

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.