18,991 Oceaneering International, Inc. $OII Shares Purchased by Sigma Planning Corp

Sigma Planning Corp increased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 166.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,367 shares of the oil and gas company’s stock after acquiring an additional 18,991 shares during the quarter. Sigma Planning Corp’s holdings in Oceaneering International were worth $1,325,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in Oceaneering International in the 3rd quarter valued at $26,000. Integrated Wealth Concepts LLC purchased a new stake in Oceaneering International in the 2nd quarter worth $35,000. Allworth Financial LP purchased a new stake in Oceaneering International in the 2nd quarter worth $42,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Oceaneering International during the 1st quarter valued at about $53,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Oceaneering International during the 2nd quarter valued at about $54,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

Shares of Oceaneering International stock opened at $41.65 on Thursday. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 12.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.97 and a current ratio of 2.20. The stock has a 50 day moving average price of $46.63 and a 200-day moving average price of $40.08. Oceaneering International, Inc. has a one year low of $22.13 and a one year high of $54.25.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 21st. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $784.55 million for the quarter, compared to analysts’ expectations of $775.93 million. Oceaneering International had a net margin of 11.37% and a return on equity of 16.87%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. Equities analysts expect that Oceaneering International, Inc. will post 2.10 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OII. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Citigroup boosted their target price on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Barclays dropped their price target on Oceaneering International from $47.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Weiss Ratings cut Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Insider Buying and Selling at Oceaneering International

In other news, CEO Roderick Larson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $44.16, for a total value of $264,960.00. Following the completion of the sale, the chief executive officer owned 391,279 shares in the company, valued at approximately $17,278,880.64. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Murphy, Jr. sold 10,000 shares of Oceaneering International stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the transaction, the director directly owned 68,916 shares of the company’s stock, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.