Oxford Asset Management LLP Acquires Shares of 17,762 Innovex International, Inc. (NYSE:INVX)

Oxford Asset Management LLP acquired a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,762 shares of the company's stock, valued at approximately $248,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Innovex International by 17.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,880 shares of the company's stock valued at $180,000 after purchasing an additional 1,909 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Innovex International by 111.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 18,455 shares of the company's stock worth $258,000 after acquiring an additional 9,721 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 27,726 shares during the period. Dean Investment Associates LLC raised its position in shares of Innovex International by 76.1% during the fourth quarter. Dean Investment Associates LLC now owns 244,047 shares of the company's stock valued at $3,409,000 after buying an additional 105,502 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Innovex International during the 4th quarter worth about $1,876,000.

Innovex International Stock Up 2.7 %

Shares of Innovex International stock traded up $0.41 on Friday, hitting $15.77. The stock had a trading volume of 298,139 shares, compared to its average volume of 412,561. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The firm has a market cap of $1.09 billion, a PE ratio of 11.18 and a beta of 0.81. Innovex International, Inc. has a one year low of $12.54 and a one year high of $19.80. The firm has a 50-day moving average of $16.74.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays upped their target price on Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 5th.

About Innovex International

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.