Sei Investments Co. Buys 21,905 Shares of Oceaneering International, Inc. $OII

Sei Investments Co. grew its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 5.2% in the first quarter, HoldingsChannel.com reports. The firm owned 440,691 shares of the oil and gas company’s stock after buying an additional 21,905 shares during the quarter. Sei Investments Co.’s holdings in Oceaneering International were worth $15,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in Oceaneering International during the 4th quarter valued at $94,847,000. Balyasny Asset Management L.P. increased 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 valued at $28,219,000 after purchasing an additional 1,227,950 shares during the period. Tudor Investment Corp ET AL raised its position 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 valued at $12,190,000 after purchasing an additional 333,666 shares during the last quarter. Old West Investment Management LLC raised its position in Oceaneering International by 128.2% during the 4th quarter. Old West Investment Management LLC now owns 543,271 shares of the oil and gas company’s stock valued at $13,055,000 after purchasing an additional 305,168 shares during the last quarter. Finally, SIR Capital Management L.P. purchased a new stake in Oceaneering International in the 3rd quarter worth approximately $6,750,000. Institutional investors own 93.93% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $191,350.00. Following the transaction, the chief executive officer owned 397,279 shares in the company, valued at approximately $15,203,867.33. The trade was a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on OII shares. Citigroup lifted their price target 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. TD Cowen raised their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Barclays boosted their price target on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

Oceaneering International Stock Up 2.4%

Shares of OII stock opened at $47.68 on Friday. Oceaneering International, Inc. has a 12 month low of $20.79 and a 12 month high of $53.98. The stock has a market cap of $4.75 billion, a P/E ratio of 13.70 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. The company has a 50 day simple moving average of $40.63 and a two-hundred day simple moving average of $36.70.

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.