California Public Employees Retirement System Purchases 20,803 Shares of Weatherford International PLC $WFRD

California Public Employees Retirement System increased its position in Weatherford International PLC (NASDAQ:WFRD) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,477 shares of the company’s stock after buying an additional 20,803 shares during the period. California Public Employees Retirement System’s holdings in Weatherford International were worth $16,218,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Weatherford International in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in Weatherford International by 83.5% in the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 253 shares during the last quarter. Leonteq Securities AG bought a new stake in Weatherford International in the fourth quarter worth $39,000. Finally, Johnson Financial Group Inc. purchased a new stake in Weatherford International during the third quarter valued at $52,000. Institutional investors own 97.23% of the company’s stock.

More Weatherford International News

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Weatherford’s Q2 revenue topped expectations, suggesting demand held up better than expected despite tougher conditions. Weatherford Q2 Earnings Miss Estimates on Middle East Disruptions
• Positive Sentiment: The company reaffirmed operational stability and continued share-buyback activity, which can support investor confidence and the stock’s valuation. How Mixed Q2 Results, Buybacks, and NCS Deal At Weatherford (WFRD) Have Changed Its Investment Story
• Neutral Sentiment: Weatherford announced second-quarter 2026 results and released an earnings presentation, giving investors more detail on the quarter but no new major strategic surprise. Weatherford Announces Second Quarter 2026 Results Weatherford International plc 2026 Q2 – Results – Earnings Call Presentation
• Neutral Sentiment: News that NCS Multistage will report results on July 30 also reminded investors that Weatherford has agreed to acquire NCS, but this was more a deal update than a fresh catalyst. NCS Multistage Holdings, Inc. to Announce Second Quarter 2026 Financial Results on July 30, 2026
• Negative Sentiment: Weatherford said war-related disruptions weighed on Q2 performance, and earnings missed estimates as weaker activity and Middle East issues hurt profitability. Weatherford (WFRD) Flags War Related Q2 Pressures While Stressing Operational Stability Weatherford Q2 Earnings Miss Estimates on Middle East Disruptions
• Negative Sentiment: The stock also faced valuation pressure after the mixed results led some analysts to say it looks fairly priced rather than clearly undervalued. Weatherford (WFRD) Stock Looks Fairly Priced Following Mixed Q2 Results

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James Financial lowered their price objective on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Piper Sandler upped their target price on shares of Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Citigroup decreased their target price on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Zacks Research downgraded shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Weatherford International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.78.

Weatherford International Stock Performance

Shares of NASDAQ:WFRD opened at $85.60 on Friday. The firm’s 50 day simple moving average is $93.66 and its 200-day simple moving average is $95.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.73 and a current ratio of 3.41. Weatherford International PLC has a one year low of $52.70 and a one year high of $113.15. The firm has a market cap of $6.14 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.35). Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities analysts predict that Weatherford International PLC will post 5.9 EPS for the current year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. Weatherford International’s dividend payout ratio is presently 21.70%.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.