Principal Financial Group Inc. Increases Stake in Weatherford International PLC $WFRD

Posted by on Jul 24th, 2026

Principal Financial Group Inc. lifted its position in Weatherford International PLC (NASDAQ:WFRD – Free Report) by 3.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 160,161 shares of the company’s stock after acquiring an additional 5,865 shares during the period. Principal Financial Group Inc.’s holdings in Weatherford International were worth $15,148,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Weatherford International by 127.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Weatherford International during the fourth quarter valued at approximately $26,000. Leonteq Securities AG bought a new position in shares of Weatherford International during the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its stake in shares of Weatherford International by 83.5% during the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 253 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Weatherford International in the first quarter worth approximately $53,000. 97.23% of the stock is currently owned by institutional investors.

Weatherford International Stock Down 1.7%

Shares of NASDAQ:WFRD opened at $85.60 on Friday. Weatherford International PLC has a 52-week low of $52.70 and a 52-week high of $113.15. The stock has a market cap of $6.14 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86. The business’s 50 day moving average is $93.66 and its 200 day moving average is $95.89. The company has a quick ratio of 1.73, a current ratio of 3.41 and a debt-to-equity ratio of 0.81.

Weatherford International (NASDAQ:WFRD – Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.35). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $1.87 earnings per share. Sell-side analysts predict that Weatherford International PLC will post 5.9 EPS for the current year.

Weatherford International Dividend Announcement

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 paid a dividend of $0.275 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. Weatherford International’s dividend payout ratio (DPR) is currently 21.70%.

Trending Headlines about Weatherford International

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Analysts Set New Price Targets

A number of brokerages recently issued reports on WFRD. Barclays decreased their price target on Weatherford International from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Wall Street Zen lowered Weatherford International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Piper Sandler boosted their target price on shares of Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Citigroup cut their price target on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.78.

Get Our Latest Research Report on Weatherford International

Weatherford International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weatherford International (NASDAQ:WFRD)

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