Oceaneering International, Inc. $OII Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,181 shares of the oil and gas company’s stock after buying an additional 11,607 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Oceaneering International worth $2,055,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of 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 period. GAMMA Investing LLC raised its stake in shares of 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 period. Vestcor Inc acquired a new position in shares of Oceaneering International during the 1st quarter worth approximately $156,000. Strs Ohio acquired a new position in shares of Oceaneering International during the 1st quarter worth approximately $168,000. Finally, Central Pacific Bank Trust Division raised its stake in Oceaneering International by 9.1% in 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 owned by institutional investors and hedge funds.

Oceaneering International Stock Up 1.2%

Shares of NYSE:OII opened at $23.48 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $24.06 and a two-hundred day moving average of $21.65. The stock has a market cap of $2.34 billion, a P/E ratio of 10.25 and a beta of 1.50. 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 earnings results 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 company 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 firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. On average, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at Oceaneering International

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the company’s 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 sale, the chief financial officer directly owned 155,259 shares in the company, valued at $3,782,109.24. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

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.