Ion Geophysical Corp (IO) Stake Raised by OxFORD Asset Management LLP
OxFORD Asset Management LLP lifted its position in Ion Geophysical Corp (NYSE:IO) by 49.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,286 shares of the oil and gas company’s stock after buying an additional 14,021 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.36% of Ion Geophysical worth $400,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in IO. JPMorgan Chase & Co. raised its stake in Ion Geophysical by 24.0% in the third quarter. JPMorgan Chase & Co. now owns 118,559 shares of the oil and gas company’s stock valued at $1,114,000 after purchasing an additional 22,913 shares in the last quarter. Wells Fargo & Company MN raised its stake in Ion Geophysical by 14.1% in the third quarter. Wells Fargo & Company MN now owns 79,995 shares of the oil and gas company’s stock valued at $761,000 after purchasing an additional 9,900 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Ion Geophysical by 203.9% during the first quarter. California Public Employees Retirement System now owns 43,966 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 29,500 shares during the last quarter. 34.11% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine cut shares of Ion Geophysical from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd.
Ion Geophysical Corp (IO) opened at $20.00 on Friday. Ion Geophysical Corp has a 52-week low of $3.20 and a 52-week high of $20.54. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.78 and a current ratio of 0.89. The company has a market cap of $233.76, a P/E ratio of -6.67 and a beta of 3.82.
Ion Geophysical (NYSE:IO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.78. Ion Geophysical had a negative net margin of 20.19% and a negative return on equity of 102.40%. The business had revenue of $61.10 million for the quarter. During the same quarter in the previous year, the business earned ($3.30) earnings per share.
TRADEMARK VIOLATION WARNING: “Ion Geophysical Corp (IO) Stake Raised by OxFORD Asset Management LLP” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/12/29/ion-geophysical-corp-io-stake-raised-by-oxford-asset-management-llp.html.
Ion Geophysical Profile
ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.
Want to see what other hedge funds are holding IO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ion Geophysical Corp (NYSE:IO).
Receive News & Ratings for Ion Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.