VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Weatherford International PLC $WFRD

12 Sep 2026, 08:41 by Tristan Rich · The Markets Daily

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Weatherford International PLC (NASDAQ:WFRD – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,500 shares of the company’s stock, valued at approximately $1,671,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in shares of Weatherford International by 8,014.2% in the second quarter. California State Teachers Retirement System now owns 6,780,800 shares of the company’s stock valued at $552,635,000 after purchasing an additional 6,697,233 shares in the last quarter. Readystate Asset Management LP bought a new stake in Weatherford International during the second quarter worth $15,269,000. Public Employees Retirement System of Ohio purchased a new stake in Weatherford International in the 2nd quarter valued at $1,736,000. Plato Investment Management Ltd purchased a new stake in Weatherford International in the 2nd quarter valued at $38,000. Finally, Insight Wealth Strategies LLC lifted its stake in Weatherford International by 6.3% during the 2nd quarter. Insight Wealth Strategies LLC now owns 64,018 shares of the company’s stock valued at $5,135,000 after acquiring an additional 3,797 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Weatherford International news, Director Neal Goldman sold 16,000 shares of Weatherford International stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $84.84, for a total value of $1,357,440.00. Following the sale, the director owned 12,187 shares of the company’s stock, valued at approximately $1,033,945.08. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jacqueline Mutschler sold 4,094 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the transaction, the director owned 29,093 shares in the company, valued at approximately $2,632,916.50. The trade was a 12.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,094 shares of company stock valued at $2,244,487. Company insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WFRD. Wall Street Zen downgraded shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. UBS Group upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and increased their target price for the company from $113.00 to $114.00 in a report on Wednesday, July 29th. Raymond James Financial dropped their price target on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Barclays cut their price target on shares of Weatherford International from $154.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Citigroup reduced their price objective on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Weatherford International presently has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Get Our Latest Stock Report on Weatherford International

Weatherford International Stock Down 1.2%

Shares of NASDAQ:WFRD opened at $88.85 on Friday. The company has a market capitalization of $6.35 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77. The business has a fifty day moving average price of $88.66 and a two-hundred day moving average price of $95.08. Weatherford International PLC has a 1 year low of $60.84 and a 1 year high of $113.15.

Weatherford International (NASDAQ:WFRD – Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.35). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. Analysts forecast that Weatherford International PLC will post 5.22 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 6th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. Weatherford International’s dividend payout ratio (DPR) is 21.70%.

About Weatherford International

(Free Report)

Weatherford International plc (NASDAQ: WFRD) is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the exploration, drilling, completion, production and intervention of onshore and offshore wells.