MetLife Investment Advisors LLC Acquires Shares of 24,545 Oil States International (OIS)

MetLife Investment Advisors LLC acquired a new position in shares of Oil States International (NYSE:OIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,545 shares of the oil and gas company’s stock, valued at approximately $695,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Oil States International by 25.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the oil and gas company’s stock worth $547,000 after purchasing an additional 3,880 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Oil States International by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 422,282 shares of the oil and gas company’s stock worth $11,950,000 after purchasing an additional 4,056 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Oil States International by 59.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 12,840 shares of the oil and gas company’s stock worth $363,000 after purchasing an additional 4,800 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Oil States International during the 4th quarter worth approximately $208,000. Finally, California Public Employees Retirement System increased its stake in shares of Oil States International by 4.6% during the 4th quarter. California Public Employees Retirement System now owns 170,681 shares of the oil and gas company’s stock worth $4,830,000 after purchasing an additional 7,462 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have recently weighed in on the stock. Cowen set a $25.00 price objective on shares of Oil States International and gave the stock a “hold” rating in a research note on Friday. ValuEngine cut shares of Oil States International from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. TheStreet raised shares of Oil States International from a “d” rating to a “c-” rating in a research note on Wednesday, February 14th. Zacks Investment Research cut shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI lowered shares of Oil States International to an “outperform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Oil States International presently has a consensus rating of “Hold” and an average price target of $29.20.

In other Oil States International news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of Oil States International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $25.79, for a total value of $152,807,039.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.97% of the stock is owned by company insiders.

Shares of NYSE OIS opened at $31.40 on Monday. Oil States International has a 1 year low of $20.23 and a 1 year high of $34.72. The company has a market cap of $1,848.46, a P/E ratio of -29.62 and a beta of 1.75.

Oil States International (NYSE:OIS) last announced its earnings results on Wednesday, February 14th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.05. Oil States International had a negative net margin of 12.65% and a negative return on equity of 4.57%. The firm had revenue of $183.70 million for the quarter, compared to analyst estimates of $175.66 million. During the same quarter last year, the business earned ($0.20) earnings per share. Oil States International’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that Oil States International will post -0.19 EPS for the current year.

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Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services 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.

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

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