Franklin Resources Inc. Acquires 11,022 Shares of Weatherford International PLC $WFRD

Franklin Resources Inc. boosted its holdings in shares of Weatherford International PLC (NASDAQ:WFRD) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,281 shares of the company’s stock after acquiring an additional 11,022 shares during the quarter. Franklin Resources Inc. owned 0.14% of Weatherford International worth $4,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American National Bank & Trust grew its holdings 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 worth $31,000 after purchasing an additional 598 shares during the last quarter. Brooklyn Investment Group boosted its position 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 grew its stake 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 acquiring an additional 433 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Weatherford International during the second quarter worth approximately $43,000. Finally, Smithfield Trust Co increased its position in shares of Weatherford International by 89.2% during the second 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.

Weatherford International Price Performance

WFRD opened at $76.71 on Tuesday. The firm has a market capitalization of $5.50 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.07 and a quick ratio of 1.55. The business’s 50-day moving average is $69.65 and its two-hundred day moving average is $60.15. Weatherford International PLC has a 1 year low of $36.74 and a 1 year high of $86.64.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $2.06 earnings per share. The firm’s quarterly revenue 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. Research analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 6th will be given 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 dividend yield of 1.3%. Weatherford International’s dividend payout ratio is presently 18.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays increased their price objective on Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. BMO Capital Markets started coverage on Weatherford International in a research note on Friday, October 10th. They set an “outperform” rating and a $82.00 price target on the stock. 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 report on Monday, October 13th. Finally, Melius Research assumed coverage on shares of Weatherford International in a report on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Weatherford International currently has an average rating of “Moderate Buy” and a consensus price target 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.