BNP Paribas Financial Markets Has $62,000 Position in Innovex International, Inc. (NYSE:INVX)

BNP Paribas Financial Markets cut its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 92.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,406 shares of the company's stock after selling 53,421 shares during the period. BNP Paribas Financial Markets' holdings in Innovex International were worth $62,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Innovex International in the 4th quarter valued at approximately $88,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Innovex International in the 4th quarter valued at approximately $142,000. Amalgamated Bank boosted its stake in shares of Innovex International by 6.2% in the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after purchasing an additional 630 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Innovex International by 9.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company's stock valued at $177,000 after purchasing an additional 1,047 shares in the last quarter.

Analyst Upgrades and Downgrades

INVX has been the topic of a number of research analyst reports. Johnson Rice upgraded shares of Innovex International to a "strong-buy" rating in a research note on Friday, May 30th. Barclays cut their target price on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th.

Innovex International Trading Up 3.2%

NYSE:INVX traded up $0.48 during mid-day trading on Friday, hitting $15.61. 254,012 shares of the company's stock were exchanged, compared to its average volume of 406,066. The company has a 50 day simple moving average of $15.08 and a 200-day simple moving average of $15.80. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.42. The firm has a market capitalization of $1.08 billion, a P/E ratio of 11.07 and a beta of 0.79.

Innovex International (NYSE:INVX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The business had revenue of $240.42 million for the quarter, compared to analyst estimates of $247.73 million.

Innovex International Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.