Oceaneering International, Inc. (NYSE:OII) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in Oceaneering International, Inc. (NYSE:OII) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,922 shares of the oil and gas company’s stock after selling 7,566 shares during the period. GSA Capital Partners LLP’s holdings in Oceaneering International were worth $520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OII. ProShare Advisors LLC lifted its stake in shares of Oceaneering International by 7.4% in the first 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 lifted its stake in shares of Oceaneering International by 30.5% in 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 purchasing an additional 8,740 shares during the period. Vanguard Group Inc. lifted its stake in shares of Oceaneering International by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock valued at $294,348,000 after purchasing an additional 117,503 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of 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 valued at $298,000 after purchasing an additional 2,559 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Oceaneering International by 2.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 87,949 shares of the oil and gas company’s stock valued at $2,056,000 after purchasing an additional 1,898 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Transactions at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the sale, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th. Barclays cut their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday, October 31st.

Oceaneering International Stock Performance

Shares of NYSE OII opened at $27.47 on Wednesday. The company has a market cap of $2.78 billion, a PE ratio of 20.81 and a beta of 2.35. Oceaneering International, Inc. has a 12 month low of $18.67 and a 12 month high of $30.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The company has a 50-day simple moving average of $25.58 and a 200-day simple moving average of $24.93.

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

Oceaneering International 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.