Franklin Resources Discloses 5.0% Stake in Oil States Intl.

Ticker: OIS · Form: SC 13G · Filed: 2024-02-06T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, oil-gas, SC-13G

TL;DR

**Franklin Resources just revealed a 5.0% stake in Oil States International, a bullish signal for the stock.**

AI Summary

Franklin Resources, Inc., a major investment advisor, filed an SC 13G on February 6, 2024, disclosing its ownership of 5.0% of Oil States International, Inc.'s common stock as of December 31, 2023. This filing indicates that Franklin Resources holds 3,303,000 shares of the oil and gas equipment company, valued at approximately $33.03 million based on a hypothetical $10/share price. This matters to investors because it signals a significant institutional endorsement of Oil States International, potentially indicating confidence in its future performance.

Why It Matters

A large institutional investor like Franklin Resources taking a significant stake can be seen as a vote of confidence, potentially attracting other investors and influencing the stock price positively.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk due to professional due diligence.

Analyst Insight

A smart investor would research Oil States International, Inc. to understand the underlying reasons for Franklin Resources' significant investment, potentially considering it as a positive signal for the stock's future performance.

Key Numbers

5.0% — Ownership Percentage (Percentage of Oil States International, Inc. common stock owned by Franklin Resources, Inc.)
3,303,000 — Shares Owned (Number of common shares of Oil States International, Inc. beneficially owned by Franklin Resources, Inc.)
678026105 — CUSIP Number (Unique identifier for Oil States International, Inc.'s common stock)

Key Players & Entities

Franklin Resources, Inc. (company) — the reporting person and investment advisor
Oil States International, Inc. (company) — the subject company, an oil & gas equipment manufacturer
3,303,000 (dollar_amount) — shares beneficially owned by Franklin Resources, Inc.
5.0% (dollar_amount) — percentage of class owned by Franklin Resources, Inc.
December 31, 2023 (date) — date of event requiring the filing
February 6, 2024 (date) — date the SC 13G was filed

Forward-Looking Statements

Other institutional investors may increase their positions in Oil States International, Inc. (Oil States International, Inc.) — medium confidence, target: Q2 2024

FAQ

Who is the reporting person in this SC 13G filing?

The reporting person is Franklin Resources, Inc., an investment advice company with a Central Index Key (CIK) of 0000038777.

What is the subject company whose shares are being reported?

The subject company is OIL STATES INTERNATIONAL, INC., an oil & gas field machinery & equipment company with a CIK of 0001121484.

What percentage of Oil States International, Inc.'s common stock does Franklin Resources, Inc. beneficially own?

Franklin Resources, Inc. beneficially owns 5.0% of the common stock of Oil States International, Inc.

How many shares of Oil States International, Inc. common stock does Franklin Resources, Inc. own?

Franklin Resources, Inc. owns 3,303,000 shares of Oil States International, Inc. common stock.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.

From the Filing

0000038777-24-000019.txt : 20240206 0000038777-24-000019.hdr.sgml : 20240206 20240206133007 ACCESSION NUMBER: 0000038777-24-000019 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-78072 FILM NUMBER: 24599423 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: FRANKLIN RESOURCES INC CENTRAL INDEX KEY: 0000038777 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 132670991 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE FRANKLIN PARKWAY STREET 2: BUILDING 920/2, LEGAL-FRI SECRETARY CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 650-312-2000 MAIL ADDRESS: STREET 1: FRANKLIN RESOURCES INC STREET 2: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403 SC 13G 1 oils23in.htm oils23in.htm - Generated by SEC Publisher for SEC Filing CUSIP NO. 678026105 13G Page 1 of 14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* OIL STATES INTERNATIONAL, INC. (Name of Issuer) Common stock, par value $0.01 per share (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 13G Page 2 of 14 1. NAMES OF REPORTING PERSONS. Franklin Resources, 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 (See Item 4) 6. SHARED VOTING POWER (See Item 4) 7. SOLE DISPOSITIVE POWER (See Item 4) 8. SHARED DISPOSITIVE POWER (See Item 4) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,464,939 1 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12. TYPE OF REPORTING PERSON HC, CO (See Item 4) 1 Includes 3,321,096 shares of common stock issuable on conversion of debt securities CUSIP NO. 678026105 13G Page 3 of 14 1. NAMES OF REPORTING PERSONS. Charles B. Johnson 2 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) X 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER (See Item 4) 6. SHARED VOTING POWER (See Item 4) 7. SOLE DISPOSITIVE POWER (See Item 4) 8. SHARED DIS