Sumitomo Mitsui Trust Holdings Inc. Acquires 15,340 Shares of Oil States International, Inc. (NYSE:OIS)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in Oil States International, Inc. (NYSE:OIS) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,843 shares of the oil and gas company’s stock after purchasing an additional 15,340 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.15% of Oil States International worth $644,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OIS. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 87.2% in the third quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 9,589 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Oil States International in the third quarter valued at $312,000. New York State Teachers Retirement System raised its stake in shares of Oil States International by 5.2% in the third quarter. New York State Teachers Retirement System now owns 108,725 shares of the oil and gas company’s stock valued at $910,000 after purchasing an additional 5,343 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Oil States International by 63.1% in the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock valued at $4,421,000 after purchasing an additional 204,298 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Oil States International by 3.1% in the third quarter. Foundry Partners LLC now owns 956,021 shares of the oil and gas company’s stock valued at $8,002,000 after purchasing an additional 28,762 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Susquehanna restated a “neutral” rating and issued a $6.50 target price on shares of Oil States International in a research note on Monday, April 8th.

Oil States International Stock Performance

Oil States International stock opened at $5.32 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 1.82. The stock has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $6.47. Oil States International, Inc. has a 52-week low of $5.15 and a 52-week high of $9.02. The firm has a market capitalization of $341.60 million, a P/E ratio of 26.60 and a beta of 2.56.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Oil States International had a return on equity of 2.20% and a net margin of 1.65%. The firm had revenue of $208.30 million during the quarter, compared to analyst estimates of $216.22 million. During the same period in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that Oil States International, Inc. will post 0.27 EPS for the current fiscal year.

Oil States International Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.