Campbell & CO Investment Adviser LLC Makes New Investment in Oceaneering International, Inc. $OII

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,012 shares of the oil and gas company’s stock, valued at approximately $415,000.

A number of other large investors also recently modified their holdings of OII. IFP Advisors Inc increased its stake in Oceaneering International by 11,380.8% in 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 in the last quarter. Vestcor Inc purchased a new stake in shares of Oceaneering International during the first quarter worth about $156,000. Strs Ohio purchased a new stake in shares of Oceaneering International during the first quarter worth about $168,000. Central Pacific Bank Trust Division raised 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 period. Finally, PNC Financial Services Group Inc. lifted its holdings in Oceaneering International by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 1,256 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $361,502.40. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on OII. Citigroup boosted their price target on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays raised their price target on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.00.

Oceaneering International Trading Up 3.0%

OII stock opened at $23.97 on Monday. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 10.47 and a beta of 1.55. 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 firm’s fifty day simple moving average is $23.86 and its two-hundred day simple moving average is $22.16.

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