Atria Investments Inc Buys 8,453 Shares of Oceaneering International, Inc. (NYSE:OII)

Atria Investments Inc grew its position in Oceaneering International, Inc. (NYSE:OII) by 77.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,358 shares of the oil and gas company’s stock after purchasing an additional 8,453 shares during the period. Atria Investments Inc’s holdings in Oceaneering International were worth $481,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OII. Isthmus Partners LLC raised its position in Oceaneering International by 0.9% in the 2nd quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Oceaneering International during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC lifted its position in Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,905 shares in the last quarter. EntryPoint Capital LLC grew its holdings 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 worth $51,000 after acquiring an additional 1,124 shares during the last quarter. Finally, CWM LLC increased its position in Oceaneering International by 351.9% in the 2nd quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,034 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Activity

In related news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now owns 28,229 shares in the company, valued at approximately $647,573.26. This represents a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Oceaneering International Stock Performance

OII opened at $27.98 on Thursday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.20 and a beta of 2.35. The business’s 50-day moving average price is $25.69 and its two-hundred day moving average price is $24.95. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. During the same period in the prior year, the firm posted $0.38 EPS. Oceaneering International’s revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OII has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Profile

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.