Vise Technologies Inc. Acquires Shares of 8,649 Weatherford International PLC $WFRD

Vise Technologies Inc. acquired a new stake in shares of Weatherford International PLC (NASDAQ:WFRD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,649 shares of the company’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its holdings in Weatherford International by 326.1% during the 1st quarter. CWM LLC now owns 1,521 shares of the company’s stock valued at $81,000 after purchasing an additional 1,164 shares in the last quarter. Signaturefd LLC boosted its position in Weatherford International by 1,002.0% in the 1st quarter. Signaturefd LLC now owns 1,091 shares of the company’s stock valued at $58,000 after buying an additional 992 shares during the last quarter. Victory Capital Management Inc. boosted its position in Weatherford International by 43.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,046,520 shares of the company’s stock valued at $56,041,000 after buying an additional 318,254 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Weatherford International during the first quarter valued at about $71,000. Finally, Gallacher Capital Management LLC purchased a new stake in shares of Weatherford International during the first quarter worth about $228,000. 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 company has a market cap of $5.18 billion, a PE ratio of 13.08, a P/E/G ratio of 1.84 and a beta of 0.79. Weatherford International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $87.63. The firm has a 50-day simple moving average of $67.55 and a 200 day simple moving average of $57.96. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93.

Weatherford International (NASDAQ:WFRD) last issued its 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). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Weatherford International PLC will post 5.89 EPS for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 6th will be paid a dividend of $0.25 per share. 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 dividend payout ratio is presently 18.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Weatherford International from $66.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Raymond James Financial restated an “outperform” rating and issued a $70.00 price target (up previously from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. Melius assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 price objective on the stock. Melius Research started coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Zacks Research upgraded shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One 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 MarketBeat, the stock currently has a consensus 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.