Manatuck Hill Partners LLC Has $255,000 Stock Holdings in Oceaneering International, Inc. $OII

Manatuck Hill Partners LLC cut its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 73.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,600 shares of the oil and gas company’s stock after selling 29,400 shares during the period. Manatuck Hill Partners LLC’s holdings in Oceaneering International were worth $255,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Morgan Stanley Institutional Investment Advisors LLC bought a new position in Oceaneering International during the 4th quarter worth approximately $94,847,000. Balyasny Asset Management L.P. raised its holdings in Oceaneering International by 916.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock worth $28,219,000 after purchasing an additional 1,227,950 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Oceaneering International by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 763,907 shares of the oil and gas company’s stock worth $18,930,000 after purchasing an additional 371,586 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in Oceaneering International by 210.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock worth $12,190,000 after purchasing an additional 333,666 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Oceaneering International by 74.2% during the 3rd quarter. Algert Global LLC now owns 649,747 shares of the oil and gas company’s stock worth $16,101,000 after purchasing an additional 276,818 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. Citigroup raised their price target on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. TD Cowen raised their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.67.

Oceaneering International Stock Performance

NYSE:OII opened at $35.56 on Thursday. The company has a fifty day moving average of $37.82 and a 200-day moving average of $33.06. The firm has a market capitalization of $3.55 billion, a P/E ratio of 10.55 and a beta of 1.16. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. Oceaneering International, Inc. has a twelve month low of $20.21 and a twelve month high of $40.21.

Oceaneering International (NYSE:OII) last released its quarterly earnings data 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). The company had revenue of $692.43 million during the quarter, compared to the consensus estimate 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 was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction on 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 sale, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Oceaneering International 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.