Cannell & Spears LLC Makes New $5.67 Million Investment in Oceaneering International, Inc. $OII

Posted by Brenda Bartman on Jul 25th, 2026

Cannell & Spears LLC acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII – Free Report) during the first quarter, HoldingsChannel reports. The institutional investor acquired 164,478 shares of the oil and gas company’s stock, valued at approximately $5,668,000.

Several other institutional investors have also recently added to or reduced their stakes in OII. Renaissance Technologies LLC grew its stake in Oceaneering International by 202.5% in the 1st quarter. Renaissance Technologies LLC now owns 85,000 shares of the oil and gas company’s stock worth $3,015,000 after acquiring an additional 56,900 shares during the period. Sei Investments Co. lifted its position in Oceaneering International by 5.2% during the first quarter. Sei Investments Co. now owns 440,691 shares of the oil and gas company’s stock worth $15,631,000 after buying an additional 21,905 shares during the period. Lido Advisors LLC boosted its stake in Oceaneering International by 13.1% in the 1st quarter. Lido Advisors LLC now owns 13,738 shares of the oil and gas company’s stock worth $487,000 after buying an additional 1,596 shares during the last quarter. State of Wyoming grew its holdings in Oceaneering International by 33.6% in the 1st quarter. State of Wyoming now owns 15,099 shares of the oil and gas company’s stock valued at $536,000 after buying an additional 3,800 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Oceaneering International during the 1st quarter valued at about $226,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Performance

NYSE:OII opened at $52.98 on Friday. The firm has a 50-day moving average of $39.81 and a two-hundred day moving average of $36.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.79. The stock has a market cap of $5.28 billion, a P/E ratio of 15.22 and a beta of 1.15. Oceaneering International, Inc. has a 1-year low of $20.79 and a 1-year high of $53.10.

Oceaneering International (NYSE:OII – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The business had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. During the same quarter last year, the business earned $0.43 EPS. Oceaneering International’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OII has been the topic of several recent analyst reports. TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup raised their price objective on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Barclays lifted their price objective on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Check Out Our Latest Report on Oceaneering International

Insider Buying and Selling at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares in the company, valued at approximately $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Trending Headlines about Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above estimates, while diluted EPS of $0.65 also beat expectations. Profitability improved as net income, gross profit, and operating profit all rose, and the company highlighted record EBITDA. Article Title
Positive Sentiment: Management projected third-quarter 2026 consolidated revenue growth and EBITDA in the range of $115 million to $125 million, reinforcing expectations for continued momentum. Article Title
Neutral Sentiment: Several follow-up articles highlighted the earnings call, record EBITDA, and “strong earnings momentum,” which may be supporting investor confidence but do not appear to add new fundamental information. Article Title
Negative Sentiment: One post-earnings note argued that Oceaneering’s improved diversification may already be reflected in the stock, suggesting limited upside from here. Article Title

Oceaneering International Company 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.