Deutsche Bank AG Purchases Shares of 104,689 Oceaneering International, Inc. $OII

Deutsche Bank AG acquired a new stake in Oceaneering International, Inc. (NYSE:OII) in the 2nd quarter, Holdings Channel reports. The firm acquired 104,689 shares of the oil and gas company’s stock, valued at approximately $4,242,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Leuthold Group LLC purchased a new stake in shares of Oceaneering International in the 4th quarter valued at approximately $3,548,000. Fifth Third Bancorp raised its holdings in shares of Oceaneering International by 6,782.5% in the 1st quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock valued at $1,047,000 after purchasing an additional 29,097 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Oceaneering International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after purchasing an additional 187,707 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Oceaneering International during the 4th quarter worth $5,489,000. Finally, Goehring & Rozencwajg Associates LLC grew its stake in shares of Oceaneering International by 22.0% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 568,734 shares of the oil and gas company’s stock worth $13,667,000 after purchasing an additional 102,676 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 0.7%

OII opened at $50.08 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a 52 week low of $22.02 and a 52 week high of $54.25. The business’s 50 day moving average is $45.03 and its two-hundred day moving average is $39.49. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 14.39 and a beta of 1.15.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to the consensus estimate of $735.69 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. On average, research analysts predict that Oceaneering International, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen increased their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Barclays upped their price objective on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Citigroup raised their target price on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One 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 a consensus target price of $45.00.

Insider Buying and Selling at Oceaneering International

In related news, Director M Kevin Mcevoy sold 3,000 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the sale, the director owned 134,133 shares in the company, valued at $6,427,653.36. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Earl Childress sold 12,701 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the transaction, the senior vice president directly owned 22,876 shares in the company, valued at $1,068,537.96. The trade was a 35.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,901 shares of company stock worth $1,277,904 in the last quarter. 1.30% of the stock is currently owned by company insiders.

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.