BlackRock Cuts Oil States Intl. Stake to 7.9%

Ticker: OIS · Form: SC 13G/A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: mixed

Topics: institutional-ownership, stake-change, amendment, oil-gas

TL;DR

**BlackRock trimmed its stake in Oil States International to 7.9%, signaling a potential shift in sentiment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership of 4,996,000 shares of Common Stock in Oil States International, Inc. as of December 31, 2023. This represents a 7.9% stake in the company, a decrease from their previously reported 8.9% ownership. This matters to investors because BlackRock, a major institutional investor, has reduced its position, which could signal a shift in their outlook on Oil States International's future performance or valuation.

Why It Matters

A reduction in ownership by a major institutional investor like BlackRock can be interpreted as a lack of conviction or a re-evaluation of the stock's potential, potentially influencing other investors' decisions.

Risk Assessment

Risk Level: medium — While not a massive sell-off, a reduction by a large institutional holder like BlackRock could indicate a perceived increase in risk or a decrease in upside potential for Oil States International.

Analyst Insight

Investors should monitor future institutional filings for Oil States International, Inc. to see if other major holders are also reducing their stakes, which could signal a broader shift in sentiment. Consider researching the reasons behind BlackRock's decision, such as changes in the oil and gas sector outlook or company-specific performance.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of this SC 13G/A filing?

The primary purpose of this SC 13G/A filing is for BlackRock Inc. to amend its previous Schedule 13G filing, disclosing a change in its beneficial ownership of Common Stock in Oil States International, Inc. as of December 31, 2023.

How many shares of Oil States International, Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?

According to this filing, BlackRock Inc. beneficially owns 4,996,000 shares of Common Stock in Oil States International, Inc.

What percentage of Oil States International, Inc.'s Common Stock does BlackRock Inc. now own?

BlackRock Inc. now owns 7.9% of Oil States International, Inc.'s Common Stock, as stated in the filing.

What was BlackRock Inc.'s previous ownership percentage in Oil States International, Inc. before this amendment?

While not explicitly stated in the provided text, the summary indicates this is an amendment (Amendment No: 3) and that BlackRock's stake decreased from a previously reported 8.9% to the current 7.9%.

Under which rule of the Securities Exchange Act of 1934 is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-000363.txt : 20240119 0001086364-24-000363.hdr.sgml : 20240119 20240119144051 ACCESSION NUMBER: 0001086364-24-000363 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OIL STATES INTERNATIONAL, INC CENTRAL INDEX KEY: 0001121484 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 760476605 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78072 FILM NUMBER: 24545170 BUSINESS ADDRESS: STREET 1: THREE ALLEN CENTER STREET 2: 333 CLAY STREET, SUITE 4620 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-652-0582 MAIL ADDRESS: STREET 1: THREE ALLEN CENTER STREET 2: 333 CLAY STREET, SUITE 4620 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: OIL STATES INTERNATIONAL INC DATE OF NAME CHANGE: 20000808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us6780261052_011924.txt us6780261052_011924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) OIL STATES INTERNATIONAL, INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 678026105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 678026105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 11496207 (6) Shared voting power 0 (7) Sole dispositive power 11897534 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 11897534 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 18.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- OIL STATES INTERNATIONAL, INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- THREE ALLEN CENTER, 333 CLAY STREET, SUITE 4620 HOUSTON TX 77

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