ProShare Advisors LLC Has $437,000 Position in Oceaneering International, Inc. $OII

ProShare Advisors LLC cut its stake in Oceaneering International, Inc. (NYSE:OII) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,105 shares of the oil and gas company’s stock after selling 2,698 shares during the quarter. ProShare Advisors LLC’s holdings in Oceaneering International were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC purchased a new stake in shares of Oceaneering International in the first quarter worth $389,000. GSA Capital Partners LLP purchased a new stake in Oceaneering International during the 1st quarter valued at about $662,000. State of Alaska Department of Revenue boosted its stake in shares of Oceaneering International by 7.0% during the second quarter. State of Alaska Department of Revenue now owns 59,900 shares of the oil and gas company’s stock valued at $1,241,000 after purchasing an additional 3,903 shares during the period. Aigen Investment Management LP purchased a new stake in Oceaneering International during the 1st quarter valued at $253,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Oceaneering International by 25.6% during the first quarter. Cubist Systematic Strategies LLC now owns 408,844 shares of the oil and gas company’s stock valued at $8,917,000 after acquiring an additional 83,302 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

OII has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Citigroup boosted their target price on Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

Insider Buying and Selling at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total transaction of $361,502.40. Following the completion of the transaction, the chief financial officer directly owned 155,259 shares in the company, valued at $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Oceaneering International Stock Down 1.1%

OII stock opened at $23.37 on Friday. The firm’s fifty day simple moving average is $23.80 and its 200-day simple moving average is $22.24. The company has a market capitalization of $2.33 billion, a P/E ratio of 10.20 and a beta of 1.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The firm had revenue of $742.90 million for the quarter, compared to analysts’ expectations of $709.48 million. During the same period last year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.