Canoe Financial 13F: Cuts WFRD Stake by $13M

Canoe Financial cut its stake in Weatherford International plc WFRD by 24.2%, according to a Form 13F filing with the SEC on October 21, 2026. The fund sold 165,234 shares during the period, leaving it with 516,866 shares. The remaining position carried a reported value of $40,572,126 at the close of the quarter.

WFRD Weatherford International plc

$81.41 ▲ +1.50% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Canoe Financial's Weatherford International Position

The reduction brought Canoe Financial's holdings down from its previous total of 682,100 shares. The firm's 24.2% pullback leaves it with a smaller footprint in the oil and gas equipment provider as energy markets shift.

Other Institutional Activity in Weatherford International

Other large funds made notable adjustments to their Weatherford positions earlier in the year. American Century Companies Inc grew its holdings by 959,011 shares, ending with 2,933,502 shares worth about $238,728,384 after a 48.6% increase. First Trust Advisors LP grew its holdings by 727,245 shares, ending with 2,487,704 shares worth about $202,449,344 following a 41.3% increase. Fuller & Thaler Asset Management Inc. trimmed its position by 22,332 shares, ending with 2,145,791 shares worth about $174,624,465 after a 1.0% decrease.

Weatherford International plc Stock Holds Steady

Weatherford shares recently traded around $85.49 as of October 22, 2026. That price sits below the 50-day moving average of $85.79 and under the 200-day moving average of $93.07. The stock trades 24.4% below its 52-week high of $113.15 and 28.5% above its 52-week low of $66.54. The company carries a market capitalization of roughly $5.82 billion and a price-to-earnings ratio of 15.83.

Recent Earnings

Weatherford reported $4.69 billion in trailing twelve-month revenue along with basic earnings of $5.14 per share. The firm posted a net profit margin of 8.6% and a return on equity of 23.3%. Investors look toward the company's next earnings report scheduled for release on February 2, 2027.

Dividend

Weatherford pays an annual dividend of $1.10 per share, yielding 1.28%. The payout ratio sits at 19.2%, meaning the company uses less than a fifth of its earnings to support the distribution.

Insider Buying and Selling at Weatherford International plc

Company insiders executed several sales prior to the filing. Officer Desmond J Mills sold 10,118 shares on February 9, 2026, for a total value of $1,061,898. Director Neal P Goldman sold 16,000 shares on July 23, 2026, valued at $1,357,426. Director Benjamin C Duster IV sold 6,000 shares at an average price of $86.09 on July 23, 2026, totaling $516,540. Director Jacqueline C Mutschler sold 4,094 shares at $90.50 on August 10, 2026, for a total of $370,487.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October 2026. On September 23, 2026, UBS maintained its Buy rating while lowering its price target to $116.00 from $120.00. On October 14, 2026, Goldman Sachs maintained a Neutral rating and dropped its target to $94.00 from $106.00. On October 15, 2026, Barclays kept an Overweight rating, adjusting its target from $151.00 down to $148.00. On October 19, 2026, Citigroup maintained a Buy rating with a target moved to $112.00 from $115.00. On the same day, Piper Sandler maintained an Overweight rating and lowered its target from $118.00 to $110.00. Overall, the stock holds a consensus buy rating across 12 analyst opinions, backed by a mean price target of $112.92.

About Weatherford International

Weatherford International plc provides equipment and services for drilling, evaluation, completion, production, and intervention in oil, geothermal, and natural gas wells. Operating across drilling and evaluation, well construction and completions, and production and intervention segments, the Houston-based company supports energy producers across global markets.

Bottom Line

Canoe Financial's decision to trim its holdings comes as Weatherford trades below its longer-term moving averages despite favorable analyst sentiment. Investors will monitor upcoming sector shifts and the company's next earnings release on February 2, 2027, for further direction.