Dockside LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 58,772 shares of the oil and gas company’s stock, valued at approximately $1,412,000.
Several other institutional investors have also recently modified their holdings of the stock. Lido Advisors LLC raised its position in shares of Oceaneering International by 2.8% during the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 335 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Oceaneering International by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock worth $1,307,000 after purchasing an additional 380 shares during the last quarter. CSM Advisors LLC raised its position in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 428 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Oceaneering International by 15.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 469 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Oceaneering International by 5.8% during the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 621 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
OII has been the subject of several research reports. TD Cowen lifted their price objective on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Finally, Citigroup lifted their price objective on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.67.
Oceaneering International Trading Down 1.2%
OII stock opened at $39.34 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings 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. The business has a fifty day simple moving average of $37.75 and a 200-day simple moving average of $32.74. Oceaneering International, Inc. has a 52 week low of $20.21 and a 52 week 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 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.
Insider Activity at Oceaneering International
In other news, CEO Roderick A. Larson sold 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was 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 directly owned 397,279 shares in the company, valued at $15,203,867.33. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.
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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