American Century Companies Inc. Has $28.88 Million Stock Position in Weatherford International PLC $WFRD

American Century Companies Inc. lifted its position in shares of Weatherford International PLC (NASDAQ:WFRD) by 38.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 574,059 shares of the company’s stock after purchasing an additional 159,721 shares during the quarter. American Century Companies Inc.’s holdings in Weatherford International were worth $28,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WFRD. American National Bank & Trust raised its stake in shares of 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 purchasing an additional 598 shares in the last quarter. Brooklyn Investment Group increased 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 valued at $33,000 after buying an additional 612 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 valued at $33,000 after buying an additional 433 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Weatherford International in the 2nd quarter valued at $43,000. Finally, Smithfield Trust Co lifted its holdings in shares of Weatherford International by 89.2% during the 2nd quarter. Smithfield Trust Co now owns 1,048 shares of the company’s stock worth $53,000 after acquiring an additional 494 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WFRD shares. Melius assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 target price on the stock. The Goldman Sachs Group lifted their price objective on Weatherford International from $66.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. BMO Capital Markets initiated coverage on Weatherford International in a research note on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective on the stock. Barclays raised their target price on Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, Zacks Research raised 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 assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.56.

Weatherford International Trading Up 3.4%

WFRD stock opened at $74.76 on Monday. The business has a fifty day moving average price of $69.40 and a 200 day moving average price of $59.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.07 and a quick ratio of 1.55. Weatherford International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $86.64. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.84 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD) last announced 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). Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Weatherford International’s revenue for the quarter was down 12.6% on a year-over-year basis. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Weatherford International PLC will post 5.89 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Weatherford International’s dividend payout ratio is currently 18.12%.

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.