200,000 Shares in Innovex International, Inc. (NYSE:INVX) Purchased by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC acquired a new position in Innovex International, Inc. (NYSE:INVX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 200,000 shares of the company's stock, valued at approximately $2,794,000. Innovex International comprises about 1.3% of GeoSphere Capital Management LLC's holdings, making the stock its 12th largest holding. GeoSphere Capital Management LLC owned about 0.30% of Innovex International at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brandes Investment Partners LP grew its stake in shares of Innovex International by 41.3% in the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock valued at $88,068,000 after buying an additional 1,841,686 shares during the period. Vanguard Group Inc. grew its position in Innovex International by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock worth $59,554,000 after acquiring an additional 221,598 shares during the period. Dimensional Fund Advisors LP grew its position in Innovex International by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,940,375 shares of the company's stock worth $27,107,000 after acquiring an additional 27,726 shares during the period. William Blair Investment Management LLC increased its stake in Innovex International by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,345,885 shares of the company's stock worth $18,802,000 after acquiring an additional 24,944 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Innovex International by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 816,945 shares of the company's stock valued at $11,416,000 after purchasing an additional 35,611 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INVX shares. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Barclays cut their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday.

Innovex International Trading Up 0.9%

INVX traded up $0.13 during mid-day trading on Tuesday, hitting $15.12. 34,648 shares of the stock were exchanged, compared to its average volume of 408,156. The firm's fifty day moving average price is $16.39. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.51. The company has a market cap of $1.04 billion, a P/E ratio of 10.72 and a beta of 0.80. 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 (NYSE:INVX - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.31% and a negative return on equity of 0.73%. The business had revenue of $240.42 million during the quarter, compared to analysts' expectations 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.