Oppenheimer Asset Management Inc. Decreases Stake in Oceaneering International, Inc. (NYSE:OII)

Oppenheimer Asset Management Inc. lessened its holdings in Oceaneering International, Inc. (NYSE:OII) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,586 shares of the oil and gas company’s stock after selling 1,278 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Oceaneering International worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OII. ProShare Advisors LLC grew its stake in Oceaneering International by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 20,270 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 1,394 shares during the period. State Board of Administration of Florida Retirement System grew its position in Oceaneering International by 30.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,439 shares of the oil and gas company’s stock valued at $876,000 after buying an additional 8,740 shares during the period. Vanguard Group Inc. increased its holdings in Oceaneering International by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after buying an additional 117,503 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Oceaneering International by 25.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock worth $298,000 after acquiring an additional 2,559 shares during the period. Finally, Roubaix Capital LLC boosted its stake in Oceaneering International by 114.8% in the first quarter. Roubaix Capital LLC now owns 152,803 shares of the oil and gas company’s stock valued at $3,576,000 after acquiring an additional 81,654 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Insider Activity

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the transaction, the director now directly owns 28,229 shares in the company, valued at $647,573.26. This represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total value of $252,711.00. Following the sale, the director now owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Oceaneering International Stock Down 2.7 %

Oceaneering International stock opened at $26.81 on Monday. The firm has a 50 day simple moving average of $25.40 and a 200 day simple moving average of $24.86. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 1-year low of $18.67 and a 1-year high of $30.45. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 20.31 and a beta of 2.35.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million for the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.