Oxford Asset Management LLP Acquires New Stake in Innovex International, Inc. (NYSE:INVX)

Oxford Asset Management LLP bought a new stake in Innovex International, Inc. (NYSE:INVX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,762 shares of the company's stock, valued at approximately $248,000.

A number of other institutional investors have also made changes to their positions in INVX. Principal Financial Group Inc. bought a new position in Innovex International in the 3rd quarter worth approximately $2,383,000. JPMorgan Chase & Co. bought a new stake in shares of Innovex International during the third quarter worth $2,261,000. Barclays PLC acquired a new position in shares of Innovex International during the third quarter valued at $874,000. Central Pacific Bank Trust Division bought a new position in Innovex International in the fourth quarter valued at about $63,000. Finally, Moody National Bank Trust Division acquired a new stake in Innovex International in the fourth quarter worth about $234,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVX. 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 increased their price objective on shares of Innovex International from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Wednesday, March 5th.

Innovex International Stock Up 2.7 %

Shares of Innovex International stock traded up $0.41 during trading on Friday, reaching $15.77. 298,139 shares of the company were exchanged, compared to its average volume of 412,561. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 11.18 and a beta of 0.81. Innovex International, Inc. has a twelve month low of $12.54 and a twelve month high of $19.80. The business's 50-day simple moving average is $16.73. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. The firm had revenue of $250.69 million during the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

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.