Mutual of America Capital Management LLC Reduces Stock Holdings in Oceaneering International, Inc. $OII

Mutual of America Capital Management LLC trimmed its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,922 shares of the oil and gas company’s stock after selling 1,795 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oceaneering International were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Oceaneering International by 11,380.8% during the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,959 shares during the last quarter. GAMMA Investing LLC grew its stake in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after buying an additional 711 shares during the last quarter. Vestcor Inc purchased a new stake in Oceaneering International during the 1st quarter valued at about $156,000. Strs Ohio purchased a new stake in Oceaneering International during the 1st quarter valued at about $168,000. Finally, Central Pacific Bank Trust Division grew its stake in Oceaneering International by 9.1% during the 2nd 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. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on OII shares. Barclays boosted their price target on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price target on Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and an average price target of $25.00.

Insiders Place Their Bets

In related news, CFO Alan R. Curtis sold 14,840 shares of the company’s stock in a transaction dated 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 owned 155,259 shares of the company’s stock, valued at approximately $3,782,109.24. This represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII stock opened at $23.48 on Thursday. The stock has a market cap of $2.34 billion, a PE ratio of 10.25 and a beta of 1.50. The business has a 50-day simple moving average of $24.06 and a 200-day simple moving average of $21.65. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.13. The business had revenue of $742.90 million during the quarter, compared to analysts’ expectations of $709.48 million. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.