39,040 Shares in Oceaneering International, Inc. $OII Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new stake in Oceaneering International, Inc. (NYSE:OII) during the third quarter, HoldingsChannel reports. The institutional investor bought 39,040 shares of the oil and gas company’s stock, valued at approximately $967,000.

Other hedge funds also recently bought and sold shares of the company. EFG Asset Management North America Corp. boosted its stake in shares of Oceaneering International by 1.2% during the third quarter. EFG Asset Management North America Corp. now owns 181,492 shares of the oil and gas company’s stock valued at $4,496,000 after acquiring an additional 2,084 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Oceaneering International by 20.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 49,956 shares of the oil and gas company’s stock valued at $1,238,000 after purchasing an additional 8,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Oceaneering International by 44.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,012 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 6,814 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Oceaneering International during the 3rd quarter worth about $219,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Oceaneering International by 132.9% during the third quarter. Campbell & CO Investment Adviser LLC now owns 46,616 shares of the oil and gas company’s stock worth $1,155,000 after buying an additional 26,604 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OII shares. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. TD Cowen raised their price objective on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Barclays upped their target price on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong 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 an average target price of $25.00.

Insider Transactions at Oceaneering International

In other Oceaneering International news, SVP Jennifer Fremont Simons sold 29,155 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $26.35, for a total value of $768,234.25. Following the transaction, the senior vice president directly owned 52,344 shares of the company’s stock, valued at $1,379,264.40. This trade represents a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Oceaneering International Trading Up 6.5%

Shares of OII stock opened at $31.00 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $31.44. The firm’s 50 day moving average price is $25.78 and its two-hundred day moving average price is $24.16. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 13.53 and a beta of 1.24.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.