Oceaneering International, Inc. $OII Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 71.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 298,125 shares of the oil and gas company’s stock after acquiring an additional 123,964 shares during the period. Intech Investment Management LLC owned 0.30% of Oceaneering International worth $7,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oceaneering International during the 3rd quarter worth about $28,000. Quarry LP acquired a new stake in shares of Oceaneering International during the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. raised its position in shares of 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 acquiring an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 1,111 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of 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 acquiring an additional 629 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Trading Down 0.2%

Shares of OII stock opened at $38.20 on Friday. The business’s 50 day moving average is $37.13 and its two-hundred day moving average is $31.68. Oceaneering International, Inc. has a twelve month low of $18.80 and a twelve month high of $40.12. The company has a market capitalization of $3.81 billion, a P/E ratio of 11.33 and a beta of 1.17. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44.

Oceaneering International (NYSE:OII) last announced its 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). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the sale, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup lifted their price target on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. TD Cowen lifted their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Barclays lifted their price target on Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.67.

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.