Oceaneering International, Inc. (NYSE:OII) Stock Holdings Boosted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its stake in Oceaneering International, Inc. (NYSE:OII) by 2.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the oil and gas company’s stock after acquiring an additional 1,100 shares during the quarter. Louisiana State Employees Retirement System owned approximately 0.05% of Oceaneering International worth $1,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in Oceaneering International in the 4th quarter valued at approximately $44,000. Pineridge Advisors LLC bought a new position in Oceaneering International in the 4th quarter worth $44,000. EntryPoint Capital LLC boosted its stake in Oceaneering International by 105.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 1,124 shares during the period. CWM LLC lifted its stake in shares of Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,034 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Oceaneering International during the first quarter worth $105,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director M Kevin Mcevoy sold 9,675 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the transaction, the director now directly owns 141,837 shares in the company, valued at approximately $3,704,782.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Earl Childress sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the sale, the senior vice president now owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the sale, the director now owns 141,837 shares of the company’s stock, valued at $3,704,782.44. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Oceaneering International Stock Up 1.7 %

NYSE OII opened at $27.31 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.45. The stock has a market capitalization of $2.77 billion, a P/E ratio of 25.76 and a beta of 2.39. The stock has a fifty day moving average of $25.52 and a 200-day moving average of $23.60.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The firm had revenue of $668.81 million for the quarter, compared to the consensus estimate of $656.87 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays boosted their price target on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a report on Thursday, July 25th. Finally, Citigroup raised their target price on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.