Annex Advisory Services LLC Buys New Position in Oceaneering International, Inc. $OII

Annex Advisory Services LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,597 shares of the oil and gas company’s stock, valued at approximately $1,328,000. Annex Advisory Services LLC owned approximately 0.05% of Oceaneering International at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Oceaneering International by 11,380.8% during the second quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,959 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Oceaneering International by 33.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 747 shares during the last quarter. Headlands Technologies LLC bought a new stake in Oceaneering International in the 2nd quarter worth about $92,000. Finally, Strs Ohio purchased a new stake in Oceaneering International in the 1st quarter valued at about $168,000. 93.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OII has been the topic of a number of research analyst reports. Barclays boosted their target price on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Citigroup boosted their price objective on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. TD Cowen raised their target price on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One research 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 presently has an average rating of “Hold” and an average target price of $25.00.

Oceaneering International Trading Down 0.2%

Shares of OII opened at $24.10 on Tuesday. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $28.31. The business has a 50-day moving average of $24.34 and a 200 day moving average of $23.33. The firm has a market cap of $2.40 billion, a P/E ratio of 10.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 1.97.

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

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.