SCHEDULE 13G/A: BlackRock Amends Stake in Oil States International, Disclosing 7.4% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 5 to its Schedule 13G, reporting a 7.4% beneficial ownership stake in Oil States International, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 5 to its Schedule 13G regarding its beneficial ownership in Oil States International, Inc.
- As of March 31, 2025, BlackRock, Inc. beneficially owned an aggregate of 4,596,903 shares of Oil States International, Inc. Common Stock.
- This ownership represents 7.4% of the class of securities.
- BlackRock, Inc. holds sole voting power over 4,521,113 shares.
- BlackRock, Inc. holds sole dispositive power over 4,596,903 shares.
- No shared voting or dispositive power was reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- Several BlackRock subsidiaries, including BlackRock Investment Management, LLC, are identified as relevant entities, with BlackRock Investment Management, LLC beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) reporting beneficial ownership. It is neutral in tone and content, providing factual information about BlackRock's stake without expressing positive or negative sentiment about the issuer's performance or future.
Positives
- The filing indicates a continued significant passive investment by a major institutional investor (BlackRock) in Oil States International, Inc., which can be viewed as a vote of confidence in the company's long-term prospects.
- BlackRock's statement that the shares are held in the ordinary course of business and not for control purposes suggests stability in the ownership structure, reducing concerns about activist investor intervention.
Negatives
- The document does not contain information that would typically be categorized as negative regarding the issuer's performance or outlook, as it is solely an ownership disclosure.
Risks
- The document itself does not detail specific risks related to Oil States International, Inc.'s operations or financial health, as it is a beneficial ownership report (Schedule 13G) focused on the investor's stake.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Oil States International, Inc.'s future performance or outlook. It solely reports BlackRock's current beneficial ownership stake.
Industry Context
This filing reflects a routine disclosure by BlackRock, one of the world's largest asset managers, regarding its passive investment in Oil States International, Inc., a company operating in the oil and gas industry. Such filings are common for large institutional investors that hold significant, non-controlling stakes in publicly traded companies as part of their diversified investment portfolios.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Authorization Update | BlackRock, Inc. updated its Power of Attorney, revoking a previous one dated April 30, 2023, and appointing new or reconfirming existing attorneys-in-fact for executing SEC and other regulatory filings. This ensures ongoing compliance with ownership reporting requirements. | 2025-01-21 | This is an internal corporate governance update for BlackRock, ensuring its legal representatives are authorized to file necessary documents. It has no direct impact on the corporate governance of Oil States International, Inc. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming BlackRock's passive investment approach and potentially signaling stability in the shareholder base.
- Management: Offers clarity on the ownership structure, indicating that BlackRock's holding is not intended to influence control of the company.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Date of execution of the Power of Attorney by BlackRock, Inc. |
| 2025-03-31 | Date of event which requires the filing of this statement (reporting period end). |
| 2025-04-24 | Date of filing of the Schedule 13G Amendment No. 5. |
Keywords
BlackRock, Oil States International, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment, Asset Management
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