Sumitomo Mitsui Trust Holdings Inc. Increases Holdings in Oil States International, Inc. (NYSE:OIS)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Oil States International, Inc. (NYSE:OIS) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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.’s holdings in Oil States International were worth $644,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OIS. Public Employees Retirement System of Ohio grew its position 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 purchased a new position in Oil States International during the third quarter worth about $312,000. New York State Teachers Retirement System grew its position in Oil States International by 5.2% during the third quarter. New York State Teachers Retirement System now owns 108,725 shares of the oil and gas company’s stock worth $910,000 after buying an additional 5,343 shares in the last quarter. Kennedy Capital Management LLC grew its position in Oil States International by 63.1% during the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock worth $4,421,000 after buying an additional 204,298 shares in the last quarter. Finally, Foundry Partners LLC grew its position in Oil States International by 3.1% during the third quarter. Foundry Partners LLC now owns 956,021 shares of the oil and gas company’s stock worth $8,002,000 after buying an additional 28,762 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Price Performance

Oil States International stock opened at $5.32 on Friday. Oil States International, Inc. has a 52 week low of $5.15 and a 52 week high of $9.02. The business has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $6.47. The company has a quick ratio of 1.82, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The stock has a market cap of $341.60 million, a price-to-earnings ratio of 26.60 and a beta of 2.56.

Oil States International (NYSE:OIS) last posted its earnings results on Tuesday, February 20th. The oil and gas company reported $0.09 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 business had revenue of $208.30 million during the quarter, compared to analysts’ expectations of $216.22 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast that Oil States International, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.