Principal Financial Group Inc. Has $12.71 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Principal Financial Group Inc. grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510,880 shares of the oil and gas company’s stock after acquiring an additional 7,037 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of Oceaneering International worth $12,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC grew its position in Oceaneering International by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 20,270 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 1,394 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Oceaneering International by 5.4% during the first quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock valued at $284,000 after acquiring an additional 628 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Oceaneering International by 30.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,439 shares of the oil and gas company’s stock worth $876,000 after purchasing an additional 8,740 shares during the period. Vanguard Group Inc. increased its stake in Oceaneering International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after acquiring an additional 117,503 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Oceaneering International by 25.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 2,559 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

OII stock opened at $26.81 on Friday. The company has a market cap of $2.71 billion, a P/E ratio of 20.31 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The stock’s fifty day moving average price is $25.40 and its 200-day moving average price is $24.84. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.45.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the transaction, the director now directly owns 28,229 shares in the company, valued at $647,573.26. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the transaction, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OII shares. Benchmark reissued a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Barclays decreased their price objective on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, October 31st.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.