SG Americas Securities LLC Has $3.88 Million Stock Position in Oceaneering International, Inc. $OII

SG Americas Securities LLC raised its stake in Oceaneering International, Inc. (NYSE:OII) by 1,377.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,547 shares of the oil and gas company’s stock after acquiring an additional 145,948 shares during the quarter. SG Americas Securities LLC owned about 0.16% of Oceaneering International worth $3,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Oceaneering International by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock valued at $1,312,000 after purchasing an additional 2,633 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Oceaneering International by 1.9% in the 1st quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock valued at $2,634,000 after buying an additional 2,310 shares during the period. Intech Investment Management LLC raised its position in shares of Oceaneering International by 51.7% during the first quarter. Intech Investment Management LLC now owns 93,627 shares of the oil and gas company’s stock worth $2,042,000 after acquiring an additional 31,894 shares during the last quarter. Strs Ohio acquired a new position in shares of Oceaneering International during the first quarter valued at $168,000. Finally, Inspire Investing LLC boosted its holdings in Oceaneering International by 7.2% in the first quarter. Inspire Investing LLC now owns 18,352 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 1,240 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Down 0.7%

OII stock opened at $26.71 on Monday. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. The business’s fifty day moving average price is $24.69 and its two-hundred day moving average price is $23.60. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.67 and a beta of 1.24.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The firm had revenue of $742.90 million during the quarter, compared to the consensus estimate 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 was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OII shares. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. TD Cowen raised their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Finally, Barclays lifted their target price on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.00.

Insiders Place Their Bets

In other Oceaneering International news, SVP Jennifer Fremont Simons sold 29,155 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $26.35, for a total transaction of $768,234.25. Following the sale, the senior vice president directly owned 52,344 shares in the company, valued at $1,379,264.40. This represents a 35.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

About Oceaneering International

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.