Bleakley Financial Group LLC Increases Stake in Oceaneering International, Inc. $OII

Bleakley Financial Group LLC increased its stake in Oceaneering International, Inc. (NYSE:OII) by 54.3% in the second quarter, HoldingsChannel.com reports. The firm owned 15,947 shares of the oil and gas company’s stock after acquiring an additional 5,614 shares during the quarter. Bleakley Financial Group LLC’s holdings in Oceaneering International were worth $330,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OII. IFP Advisors Inc increased its holdings in shares of Oceaneering International by 11,380.8% in the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,959 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 711 shares in the last quarter. Vestcor Inc purchased a new position in shares of Oceaneering International in the 1st quarter valued at about $156,000. Strs Ohio purchased a new position in shares of Oceaneering International in the 1st quarter valued at about $168,000. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Oceaneering International stock opened at $23.67 on Monday. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The stock has a market capitalization of $2.36 billion, a P/E ratio of 10.33 and a beta of 1.50. The firm’s 50-day moving average is $24.02 and its two-hundred day moving average is $21.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The company had revenue of $742.90 million for the quarter, compared to analysts’ expectations of $709.48 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Insider Activity

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total transaction of $361,502.40. Following the sale, the chief financial officer directly owned 155,259 shares of the company’s stock, valued at $3,782,109.24. This trade represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OII shares. Citigroup increased their price target on shares of Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays increased their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oceaneering International currently has an average rating of “Hold” and an average target price of $24.67.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.