Charles Schwab Investment Management Inc. Grows Stock Position in Oceaneering International, Inc. $OII

Charles Schwab Investment Management Inc. grew its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,442,874 shares of the oil and gas company’s stock after purchasing an additional 25,451 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Oceaneering International were worth $34,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its position in shares of Oceaneering International by 4.9% during the 4th quarter. State Street Corp now owns 4,647,252 shares of the oil and gas company’s stock valued at $111,673,000 after purchasing an additional 215,366 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Oceaneering International by 12.8% during the 4th quarter. Van ECK Associates Corp now owns 1,500,057 shares of the oil and gas company’s stock valued at $36,047,000 after purchasing an additional 170,762 shares during the last quarter. Ieq Capital LLC increased its position in shares of Oceaneering International by 33.5% during the 4th quarter. Ieq Capital LLC now owns 43,393 shares of the oil and gas company’s stock valued at $1,043,000 after purchasing an additional 10,879 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its position in shares of Oceaneering International by 22.0% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 568,734 shares of the oil and gas company’s stock valued at $13,667,000 after purchasing an additional 102,676 shares during the last quarter. Finally, Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in shares of Oceaneering International during the 4th quarter valued at about $94,847,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In related news, SVP Holly Kriendler sold 19,007 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.73, for a total transaction of $717,134.11. Following the completion of the transaction, the senior vice president directly owned 30,500 shares in the company, valued at approximately $1,150,765. The trade was a 38.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karen H. Beachy sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $366,618.00. Following the transaction, the director owned 22,816 shares of the company’s stock, valued at approximately $853,546.56. This trade represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 111,689 shares of company stock worth $4,204,360 in the last quarter. 1.30% of the stock is currently owned by insiders.

Oceaneering International Trading Down 2.4%

Shares of NYSE:OII opened at $37.80 on Friday. The stock has a 50 day moving average of $36.35 and a 200 day moving average of $30.60. The company has a market cap of $3.77 billion, a PE ratio of 11.22 and a beta of 1.17. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44. Oceaneering International, Inc. has a 12-month low of $18.45 and a 12-month high of $40.12.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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 for 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

OII has been the subject of several research reports. Citigroup upped their price target on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. TD Cowen upped their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.67.

Oceaneering International Company 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.