Oil States International, Inc. (NYSE:OIS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Oil States International, Inc. (NYSE:OISFree Report) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 584,437 shares of the oil and gas company’s stock after selling 13,900 shares during the period. Bank of New York Mellon Corp’s holdings in Oil States International were worth $4,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in Oil States International in the 3rd quarter valued at about $130,000. SG Americas Securities LLC acquired a new stake in Oil States International in the 3rd quarter valued at about $312,000. Public Employees Retirement System of Ohio raised its holdings in Oil States International by 270.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,994 shares of the oil and gas company’s stock valued at $82,000 after acquiring an additional 8,028 shares during the last quarter. Captrust Financial Advisors raised its holdings in Oil States International by 7.7% in the 2nd quarter. Captrust Financial Advisors now owns 38,179 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 2,716 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Oil States International in the 2nd quarter valued at about $2,420,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Oil States International Stock Performance

Oil States International stock opened at $6.17 on Thursday. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $7.43. Oil States International, Inc. has a 1-year low of $5.72 and a 1-year high of $10.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.89 and a quick ratio of 1.66. The stock has a market cap of $393.88 million, a price-to-earnings ratio of 38.53 and a beta of 2.61.

Analysts Set New Price Targets

A number of research firms have commented on OIS. StockNews.com started coverage on shares of Oil States International in a report on Thursday, October 5th. They issued a “hold” rating for the company. Susquehanna increased their price target on shares of Oil States International from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Wednesday, October 4th.

Read Our Latest Stock Analysis on OIS

Oil States International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

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