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

Intech Investment Management LLC lessened its position in Oceaneering International, Inc. (NYSE:OII) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,258 shares of the oil and gas company’s stock after selling 14,369 shares during the quarter. Intech Investment Management LLC’s holdings in Oceaneering International were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OII. IFP Advisors Inc boosted its position in Oceaneering International by 11,380.8% in the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,959 shares during the period. Vestcor Inc purchased a new position in Oceaneering International in the first quarter valued at $156,000. Strs Ohio acquired a new position in Oceaneering International during the 1st quarter worth $168,000. Central Pacific Bank Trust Division increased its holdings in Oceaneering International by 9.1% during the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock worth $209,000 after purchasing an additional 840 shares during the period. Finally, SG Americas Securities LLC raised its position in Oceaneering International by 129.1% in the 2nd quarter. SG Americas Securities LLC now owns 10,599 shares of the oil and gas company’s stock valued at $220,000 after purchasing an additional 5,972 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 155,259 shares of the company’s stock, valued at $3,782,109.24. The trade was a 8.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OII. TD Cowen raised their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, November 17th. Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Citigroup boosted their price objective on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Oceaneering International Stock Up 3.2%

Shares of Oceaneering International stock opened at $24.12 on Friday. The company has a market cap of $2.41 billion, a P/E ratio of 10.53 and a beta of 1.55. The firm has a fifty day moving average of $23.80 and a two-hundred day moving average of $22.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 1.97. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98.

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

Oceaneering International Company 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.