Goehring & Rozencwajg Associates LLC raised its position in Oceaneering International, Inc. (NYSE:OII – Free Report) by 22.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 568,734 shares of the oil and gas company’s stock after buying an additional 102,676 shares during the quarter. Oceaneering International comprises about 1.3% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 26th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Oceaneering International were worth $13,667,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Oceaneering International in the 3rd quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of Oceaneering International in the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. raised its position in shares of Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,111 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Oceaneering International by 47.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 629 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Oceaneering International
Oceaneering International Stock Performance
NYSE:OII opened at $39.34 on Friday. The stock’s 50-day simple moving average is $37.75 and its 200 day simple moving average is $32.74. The firm has a market capitalization of $3.92 billion, a PE ratio of 11.67 and a beta of 1.16. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. Oceaneering International, Inc. has a twelve month low of $20.21 and a twelve month high of $40.21.
Oceaneering International (NYSE:OII – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. On average, analysts anticipate that Oceaneering International, Inc. will post 1.89 EPS for the current fiscal year.
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.
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