180,506 Shares in Oil States International, Inc. $OIS Bought by LSV Asset Management

LSV Asset Management acquired a new stake in Oil States International, Inc. (NYSE:OIS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 180,506 shares of the oil and gas company’s stock, valued at approximately $1,094,000.

Other large investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its stake in shares of Oil States International by 46.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company’s stock worth $6,294,000 after acquiring an additional 373,500 shares during the period. Ameriprise Financial Inc. lifted its position in Oil States International by 157.0% in the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 334,279 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in Oil States International by 454.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock valued at $1,352,000 after purchasing an additional 206,678 shares during the period. Marshall Wace LLP purchased a new stake in Oil States International in the 2nd quarter valued at approximately $505,000. Finally, Strs Ohio increased its position in Oil States International by 79.6% during the 3rd quarter. Strs Ohio now owns 101,100 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 44,800 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Stock Up 3.7%

Shares of OIS stock opened at $9.40 on Tuesday. The stock has a market cap of $561.35 million, a P/E ratio of 25.39 and a beta of 1.30. Oil States International, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $9.51. The business has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $6.59.

Insiders Place Their Bets

In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total transaction of $99,630.00. Following the completion of the transaction, the chief executive officer directly owned 2,109,724 shares in the company, valued at approximately $14,240,637. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

OIS has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a report on Thursday, January 22nd. Wall Street Zen cut Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Susquehanna raised their target price on Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oil States International has a consensus rating of “Hold” and an average target price of $8.00.

Oil States International Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.