Oceaneering International, Inc. $OII Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its holdings in Oceaneering International, Inc. (NYSE:OII) by 115.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,673 shares of the oil and gas company’s stock after acquiring an additional 23,956 shares during the quarter. WINTON GROUP Ltd’s holdings in Oceaneering International were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Oceaneering International in the 3rd quarter valued at $28,000. Quarry LP acquired a new position in shares of Oceaneering International in the 3rd quarter valued at $30,000. SBI Securities Co. Ltd. increased its holdings in shares of Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 1,111 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Oceaneering International by 47.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 629 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the transaction, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. This trade represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Oceaneering International Stock Performance

Shares of OII opened at $38.99 on Wednesday. The company has a 50-day simple moving average of $37.47 and a 200-day simple moving average of $32.47. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.89 billion, a PE ratio of 11.57 and a beta of 1.16. Oceaneering International, Inc. has a 52-week low of $20.21 and a 52-week high of $40.12.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Equities research analysts predict that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Oceaneering International

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.