Oxford Asset Management LLP Makes New $503,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Oxford Asset Management LLP purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 27,696 shares of the company’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LUNR. Tealwood Asset Management Inc. lifted its position in shares of Intuitive Machines by 4.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after acquiring an additional 900 shares in the last quarter. Invesco Ltd. grew its holdings in Intuitive Machines by 8.3% during the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock valued at $244,000 after buying an additional 1,026 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Intuitive Machines by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after buying an additional 2,499 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares during the period. 72.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LUNR. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Roth Mkm lowered their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald cut their price target on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Stock Performance

Shares of LUNR opened at $8.58 on Friday. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm has a 50 day moving average price of $9.59 and a 200-day moving average price of $12.98. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -2.92 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $72.58 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company’s stock, valued at approximately $3,384,628.32. This represents a 7.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,700 shares of company stock worth $589,489 in the last ninety days. 73.68% of the stock is owned by insiders.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.