Legato Capital Management LLC Increases Position in Oceaneering International, Inc. $OII

Posted by Stanley Muller on May 24th, 2026

Legato Capital Management LLC grew its holdings in Oceaneering International, Inc. (NYSE:OII – Free Report) by 48.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 68,361 shares of the oil and gas company’s stock after acquiring an additional 22,374 shares during the quarter. Legato Capital Management LLC’s holdings in Oceaneering International were worth $1,643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SummerHaven Investment Management LLC purchased a new stake in shares of Oceaneering International in the third quarter valued at about $967,000. CenterBook Partners LP purchased a new stake in shares of Oceaneering International in the third quarter valued at about $409,000. Essex Investment Management Co. LLC raised its holdings in shares of Oceaneering International by 58.7% in the third quarter. Essex Investment Management Co. LLC now owns 159,261 shares of the oil and gas company’s stock valued at $3,946,000 after buying an additional 58,925 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Oceaneering International by 14.0% in the third quarter. Public Sector Pension Investment Board now owns 390,866 shares of the oil and gas company’s stock valued at $9,686,000 after buying an additional 47,922 shares during the last quarter. Finally, Old West Investment Management LLC raised its holdings in shares of Oceaneering International by 21.1% in the third quarter. Old West Investment Management LLC now owns 238,103 shares of the oil and gas company’s stock valued at $5,900,000 after buying an additional 41,466 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 0.8%

OII stock opened at $38.79 on Friday. Oceaneering International, Inc. has a one year low of $18.46 and a one year high of $40.12. The stock has a market capitalization of $3.87 billion, a PE ratio of 11.51 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The company has a fifty day moving average of $36.69 and a 200-day moving average of $31.14.

Oceaneering International (NYSE:OII – Get Free Report) last announced its quarterly earnings results 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). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Insider Transactions at Oceaneering International

In related news, COO Benjamin Laura sold 5,106 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $36.88, for a total value of $188,309.28. Following the completion of the sale, the chief operating officer owned 40,805 shares in the company, valued at $1,504,888.40. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 116,689 shares of company stock valued at $4,395,710. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OII. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. 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 note on Thursday, April 30th. Barclays raised their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Citigroup raised their target price on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and an average target price of $36.67.

Read Our Latest Stock Analysis on OII

Oceaneering International Profile

(Free Report)

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.