Brandes Investment Partners 13F: Cuts INVX Stake by $32M

Brandes Investment Partners Lowers Innovex Stake

Brandes Investment Partners filed a Form 13F with the U.S. Securities and Exchange Commission revealing a reduced position in Innovex International, Inc. NYSE: INVX. The filing covers holdings as of May 15, 2026, and may not reflect the firm's current position today. The institutional investor pared down its exposure to the oil and gas equipment provider during the period.

Position Changes in Innovex Shares

During the reporting period, Brandes Investment Partners cut its position by 1,072,795 shares. That move represented a 14.0% decrease from its previous holding of 7,656,210 shares. Following the adjustment, the fund owned 6,583,415 shares of the company. Based on market prices at the time, that remaining stake held a reported value of about $193.88 million. Because 13F filings are backward-looking documents, they show snapshot data from the end of the quarter rather than real-time trading activity.

Innovex Stock Price and Market Standing

Innovex shares recently changed hands at $29.45. The company carries a market capitalization of roughly $1.91 billion. Its stock price moves above its 50-day moving average of $28.70 and its 200-day moving average of $26.36. Over the past year, shares have traded as low as $17.01 and as high as $33.71. The company operates with a trailing P/E ratio of 30.7 and a forward P/E ratio of 14.6.

Analysts Set New Price Targets

Wall Street research firms continue to evaluate the energy equipment maker. On August 26, 2026, Citigroup maintained its buy rating on the stock while moving its target price to $36.00 from $35.00. Earlier, on August 11, 2026, Barclays kept an equal-weight rating on the shares while adjusting its price target to $27.00 from $26.00. Across the broader analyst community, the stock holds a consensus buy rating and a mean price target of $33.40 based on five analyst opinions.

Inside Innovex International Operations

Innovex International, Inc. designs, manufactures, and rents mission-critical engineered products for the oil and natural gas sector globally. Based in Humble, Texas, the company supplies drilling enhancement tools, fishing and intervention equipment, and well production solutions to support onshore and offshore energy operations. Founded in 2016, it employs 2,160 people and serves independent exploration firms as well as major international energy producers.

Looking Ahead at Innovex

Investors tracking Innovex will watch for upcoming financial reports and institutional filing updates to gauge further sector sentiment. The company's next earnings report is scheduled for November 3, 2026. Future regulatory disclosures will show whether institutional investors continue to adjust their holdings in the oilfield services provider.