Reinhart Partners LLC. bought a new stake in Oceaneering International, Inc. (NYSE:OII – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,648,423 shares of the oil and gas company’s stock, valued at approximately $66,795,000. Reinhart Partners LLC. owned 1.65% of Oceaneering International as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its position in Oceaneering International by 27.1% during the second quarter. GAMMA Investing LLC now owns 5,124 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 1,092 shares during the period. Central Pacific Bank Trust Division grew its position in shares of Oceaneering International by 45.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 21,696 shares of the oil and gas company’s stock worth $879,000 after purchasing an additional 6,736 shares in the last quarter. Chelsea Counsel Co. bought a new position in shares of Oceaneering International during the first quarter worth approximately $568,000. NewEdge Advisors LLC increased its holdings in shares of Oceaneering International by 34.3% during the first quarter. NewEdge Advisors LLC now owns 26,273 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 6,713 shares during the period. Finally, Carlson Capital L.P. raised its position in shares of Oceaneering International by 2.5% in the first quarter. Carlson Capital L.P. now owns 32,800 shares of the oil and gas company’s stock valued at $1,163,000 after buying an additional 800 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.
Oceaneering International Stock Down 2.5%
NYSE OII opened at $48.00 on Friday. The business has a fifty day moving average price of $41.86 and a two-hundred day moving average price of $37.55. The stock has a market capitalization of $4.78 billion, a PE ratio of 13.79 and a beta of 1.15. Oceaneering International, Inc. has a fifty-two week low of $21.03 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on OII shares. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays increased their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Citigroup raised their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, TD Cowen boosted their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.00.
View Our Latest Report on Oceaneering International
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.
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