WINTON GROUP Ltd Boosts Holdings in Oceaneering International, Inc. $OII

WINTON GROUP Ltd grew its position in Oceaneering International, Inc. (NYSE:OII) by 115.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,673 shares of the oil and gas company’s stock after purchasing an additional 23,956 shares during the period. WINTON GROUP Ltd’s holdings in Oceaneering International were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares during the last quarter. Quarry LP bought a new position in Oceaneering International during the 3rd quarter worth $30,000. SBI Securities Co. Ltd. grew its stake in Oceaneering International by 255.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Oceaneering International by 47.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 0.5%

Shares of OII stock opened at $38.99 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The firm has a market capitalization of $3.89 billion, a PE ratio of 11.57 and a beta of 1.16. The stock has a fifty day moving average of $37.47 and a two-hundred day moving average of $32.47. Oceaneering International, Inc. has a 1 year low of $20.21 and a 1 year high of $40.12.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup upped their price objective on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and a consensus target price of $36.67.

Insider Activity at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares in the company, valued at approximately $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Oceaneering International

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.