State of Alaska Department of Revenue Has $1.24 Million Stake in Oceaneering International, Inc. $OII

State of Alaska Department of Revenue grew its position in Oceaneering International, Inc. (NYSE:OII) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,900 shares of the oil and gas company’s stock after purchasing an additional 3,903 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Oceaneering International worth $1,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OII. GAMMA Investing LLC grew its position in shares of Oceaneering International by 29.7% in the first quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 711 shares during the last quarter. Vestcor Inc acquired a new position in shares of Oceaneering International in the first quarter valued at approximately $156,000. Strs Ohio acquired a new position in shares of Oceaneering International in the first quarter valued at approximately $168,000. Central Pacific Bank Trust Division grew its position in shares of Oceaneering International by 9.1% in the second quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 840 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Oceaneering International by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock valued at $242,000 after purchasing an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the transaction, the chief financial officer directly owned 155,259 shares in the company, valued at approximately $3,782,109.24. This represents a 8.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Saturday, September 27th. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Citigroup increased their price target on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, Barclays increased their price target on Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.00.

Oceaneering International Trading Up 1.0%

Shares of OII stock opened at $24.41 on Friday. The stock’s fifty day moving average price is $23.60 and its two-hundred day moving average price is $21.18. The company has a market cap of $2.45 billion, a PE ratio of 12.33 and a beta of 1.50. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00.

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

Oceaneering International Company 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.