Oceaneering International, Inc. $OII Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 141,837 shares of the oil and gas company’s stock after purchasing an additional 12,982 shares during the quarter. Concurrent Investment Advisors LLC owned 0.14% of Oceaneering International worth $2,939,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of OII. IFP Advisors Inc increased its position in shares of Oceaneering International by 11,380.8% during the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,959 shares during the period. GAMMA Investing LLC grew its holdings in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 711 shares during the last quarter. Vestcor Inc acquired a new position in shares of Oceaneering International in the 1st quarter worth $156,000. Strs Ohio acquired a new position in shares of Oceaneering International in the 1st quarter worth $168,000. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock worth $209,000 after acquiring an additional 840 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OII. Citigroup lifted their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Barclays lifted their target price on Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling at Oceaneering International

In related news, CFO Alan R. Curtis sold 14,840 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the sale, the chief financial officer owned 155,259 shares of the company’s stock, valued at approximately $3,782,109.24. The trade was a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Oceaneering International Trading Up 1.8%

Oceaneering International stock opened at $22.59 on Tuesday. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.26 billion, a P/E ratio of 11.41 and a beta of 1.50. The company’s fifty day simple moving average is $23.77 and its 200-day simple moving average is $21.24.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The business had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. During the same period last year, the company earned $0.28 earnings per share. Oceaneering International’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal 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.