California State Teachers Retirement System Purchases 26,058 Shares of Oceaneering International, Inc. $OII

California State Teachers Retirement System boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 27.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,621 shares of the oil and gas company’s stock after purchasing an additional 26,058 shares during the period. California State Teachers Retirement System owned about 0.12% of Oceaneering International worth $4,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OII. Wilmington Savings Fund Society FSB acquired a new position in shares of Oceaneering International during the third quarter worth $28,000. Quarry LP acquired a new stake in shares of Oceaneering International during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Oceaneering International during the 1st quarter worth $53,000. Finally, Hantz Financial Services Inc. increased its holdings in Oceaneering International by 248.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 1,627 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 2.5%

NYSE OII opened at $48.00 on Friday. The business’s 50-day moving average price is $41.86 and its two-hundred day moving average price is $37.55. Oceaneering International, Inc. has a 12 month low of $21.03 and a 12 month high of $53.98. The firm has a market capitalization of $4.78 billion, a PE ratio of 13.79 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Insider Activity at Oceaneering International

In other Oceaneering International news, Director M Kevin Mcevoy sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.92, for a total value of $143,760.00. Following the completion of the sale, the director owned 134,133 shares of the company’s stock, valued at approximately $6,427,653.36. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher J. Dyer sold 1,200 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.65, for a total value of $57,180.00. Following the completion of the sale, the senior vice president directly owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. This trade represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,901 shares of company stock worth $985,554 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on OII. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup raised their price objective on shares of Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Barclays lifted their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Finally, TD Cowen boosted their target price 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. One 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 an average rating of “Hold” and a consensus price target of $41.00.

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.