Weatherford International PLC (NASDAQ:WFRD) to Issue Quarterly Dividend of $0.25

Key Points

• Weatherford International PLC has declared a quarterly dividend of $0.25 per share, with an annualized yield of 1.5%, to be paid on December 4th, 2023.
• The company reported $1.12 EPS for the recent quarter, missing estimates, with a revenue of $1.23 billion, down 12.6% year-over-year.
• Institutional investors own approximately 97.23% of Weatherford International's stock, with notable increases in holdings from Vanguard Group Inc. and Holocene Advisors LP.

Weatherford International PLC (NASDAQ:WFRD - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Shareholders of record on Thursday, November 6th will be paid a dividend of 0.25 per share on Thursday, December 4th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 6th.

Weatherford International Stock Up 2.8%

Shares of WFRD opened at $66.72 on Wednesday. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.69 and a beta of 0.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 2.21. The business's fifty day moving average price is $63.25 and its two-hundred day moving average price is $54.20. Weatherford International has a 52 week low of $36.74 and a 52 week high of $91.82.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.15 by ($0.03). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The firm's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that Weatherford International will post 5.89 earnings per share for the current year.

Institutional Trading of Weatherford International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Weatherford International by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 8,050,495 shares of the company's stock valued at $431,104,000 after purchasing an additional 347,584 shares during the period. Holocene Advisors LP increased its position in shares of Weatherford International by 712.8% in the second quarter. Holocene Advisors LP now owns 1,646,034 shares of the company's stock valued at $82,812,000 after acquiring an additional 1,443,512 shares during the last quarter. Invesco Ltd. increased its position in shares of Weatherford International by 2.0% in the first quarter. Invesco Ltd. now owns 1,485,746 shares of the company's stock valued at $79,562,000 after acquiring an additional 29,840 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Weatherford International by 13.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,474,131 shares of the company's stock valued at $78,940,000 after acquiring an additional 171,124 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Weatherford International by 67.1% in the first quarter. Bank of New York Mellon Corp now owns 1,201,544 shares of the company's stock valued at $64,343,000 after acquiring an additional 482,352 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

About Weatherford International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.