693,549 Shares in Oceaneering International, Inc. $OII Bought by Old West Investment Management LLC

Old West Investment Management LLC bought a new stake in shares of Oceaneering International, Inc. (NYSE:OII) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 693,549 shares of the oil and gas company’s stock, valued at approximately $28,103,000. Oceaneering International makes up approximately 3.0% of Old West Investment Management LLC’s portfolio, making the stock its 2nd largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Oceaneering International in the 3rd quarter worth $28,000. Quarry LP purchased a new position in shares of Oceaneering International during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Oceaneering International in the first quarter worth about $53,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Oceaneering International by 248.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after buying an additional 1,627 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Christopher J. Dyer sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.65, for a total transaction of $57,180.00. Following the transaction, the senior vice president owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the sale, the director owned 68,916 shares in the company, valued at $3,333,466.92. The trade was a 12.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,901 shares of company stock worth $1,277,904 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OII shares. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Citigroup lifted their price objective on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays raised their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. TD Cowen boosted their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average target price of $45.00.

Oceaneering International Trading Down 0.2%

Shares of NYSE OII opened at $52.08 on Monday. Oceaneering International, Inc. has a 1-year low of $22.02 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The business’s 50 day moving average is $43.16 and its two-hundred day moving average is $38.43. The stock has a market capitalization of $5.18 billion, a P/E ratio of 14.97 and a beta of 1.15.

Oceaneering International 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.