Hsbc Holdings PLC Has $919,000 Stock Holdings in Oceaneering International, Inc. $OII

Hsbc Holdings PLC decreased its holdings in Oceaneering International, Inc. (NYSE:OII) by 35.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,913 shares of the oil and gas company’s stock after selling 20,890 shares during the period. Hsbc Holdings PLC’s holdings in Oceaneering International were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OII. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International during the 3rd quarter worth $28,000. Quarry LP bought a new position in Oceaneering International in the third quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 1,627 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Oceaneering International by 33.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OII shares. Citigroup raised their price target on shares of Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. TD Cowen upped their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Finally, Barclays raised their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.33.

Oceaneering International Stock Up 2.7%

Shares of NYSE OII opened at $43.24 on Tuesday. The company has a 50 day simple moving average of $38.51 and a 200 day simple moving average of $34.78. The firm has a market cap of $4.31 billion, a PE ratio of 12.83 and a beta of 1.15. Oceaneering International, Inc. has a 1 year low of $20.21 and a 1 year high of $43.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79.

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

Insider Transactions at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the transaction, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.