Oceaneering International, Inc. $OII Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 51.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,627 shares of the oil and gas company’s stock after purchasing an additional 31,894 shares during the period. Intech Investment Management LLC owned approximately 0.09% of Oceaneering International worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Oceaneering International by 29.7% during the first quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 711 shares during the last quarter. Vestcor Inc purchased a new position in shares of Oceaneering International during the first quarter worth $156,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Oceaneering International during the fourth quarter worth $200,000. Central Pacific Bank Trust Division raised its holdings in shares of Oceaneering International by 17.6% during the first quarter. Central Pacific Bank Trust Division now owns 9,230 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Portside Wealth Group LLC purchased a new position in shares of Oceaneering International during the first quarter worth $210,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Barclays lifted their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.00.

Insider Activity

In other news, CFO Alan R. Curtis sold 14,840 shares of Oceaneering International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total value of $361,502.40. Following the sale, the chief financial officer owned 155,259 shares in the company, valued at $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Oceaneering International Stock Up 0.5%

Shares of NYSE OII opened at $24.27 on Wednesday. The company’s 50-day simple moving average is $22.73 and its 200-day simple moving average is $20.75. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 12.26 and a beta of 1.64. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The business had revenue of $698.16 million for the quarter, compared to analyst estimates of $676.81 million. During the same quarter last year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.