Wedge Capital Management L L P NC Has $10.23 Million Stock Holdings in Weatherford International PLC $WFRD

Posted by George Bondi on Aug 13th, 2026

Wedge Capital Management L L P NC decreased its stake in Weatherford International PLC (NASDAQ:WFRD – Free Report) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,568 shares of the company’s stock after selling 16,647 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.17% of Weatherford International worth $10,234,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WFRD. Royal Bank of Canada increased its stake in shares of Weatherford International by 223.0% in the first quarter. Royal Bank of Canada now owns 122,662 shares of the company’s stock worth $6,568,000 after acquiring an additional 84,684 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Weatherford International by 129.3% during the first quarter. Goldman Sachs Group Inc. now owns 143,703 shares of the company’s stock valued at $7,695,000 after purchasing an additional 81,046 shares during the last quarter. United Services Automobile Association acquired a new stake in Weatherford International during the first quarter valued at $258,000. Cetera Investment Advisers grew its stake in Weatherford International by 26.8% in the second quarter. Cetera Investment Advisers now owns 12,764 shares of the company’s stock valued at $642,000 after purchasing an additional 2,695 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Weatherford International by 83.5% in the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Trading Down 1.8%

NASDAQ:WFRD opened at $92.70 on Thursday. Weatherford International PLC has a 12 month low of $54.69 and a 12 month high of $113.15. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.58 and a beta of 0.87. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $88.31 and its 200-day moving average is $96.02.

Weatherford International (NASDAQ:WFRD – Get Free Report) last posted its quarterly earnings data 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). Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $1.87 earnings per share. Weatherford International’s quarterly revenue was down 8.2% on a year-over-year basis. Equities analysts anticipate that Weatherford International PLC will post 5.35 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 yield of 1.2%. Weatherford International’s payout ratio is currently 21.70%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WFRD shares. Zacks Research lowered Weatherford International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group raised Weatherford International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $113.00 to $114.00 in a research note on Wednesday, July 29th. Piper Sandler increased their price objective on Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Citigroup dropped their price objective on Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Finally, Raymond James Financial cut their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and an average price target of $113.56.

Check Out Our Latest Stock Report on WFRD

Insider Buying and Selling at Weatherford International

In other news, Director Jacqueline C. Mutschler sold 4,094 shares of Weatherford International stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.50, for a total value of $370,507.00. Following the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Neal P. Goldman sold 16,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $84.84, for a total value of $1,357,440.00. Following the transaction, the director directly owned 12,187 shares of the company’s stock, valued at $1,033,945.08. This represents a 56.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,094 shares of company stock worth $2,244,487 over the last ninety days. Company insiders own 2.07% of the company’s stock.

About Weatherford International

(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.