Oceaneering International, Inc. $OII Shares Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lifted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 58.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,261 shares of the oil and gas company’s stock after purchasing an additional 58,925 shares during the period. Essex Investment Management Co. LLC owned about 0.16% of Oceaneering International worth $3,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Oceaneering International by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock worth $1,312,000 after buying an additional 2,633 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Oceaneering International by 1.9% in the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock valued at $2,634,000 after acquiring an additional 2,310 shares during the period. Strs Ohio purchased a new position in shares of Oceaneering International during the first quarter worth approximately $168,000. IFP Advisors Inc increased its holdings in shares of 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 valued at $62,000 after acquiring an additional 2,959 shares during the period. Finally, Inspire Investing LLC raised its position in Oceaneering International by 23.9% in the 2nd quarter. Inspire Investing LLC now owns 22,734 shares of the oil and gas company’s stock valued at $471,000 after purchasing an additional 4,382 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

NYSE OII opened at $33.20 on Tuesday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.50 and a beta of 1.25. The business’s 50 day moving average is $26.98 and its two-hundred day moving average is $24.77. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $33.21. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In other Oceaneering International news, SVP Jennifer Fremont Simons sold 29,155 shares of the business’s stock in a transaction on 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 approximately $1,379,264.40. The trade was a 35.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OII. TD Cowen raised their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. Barclays upped 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, October 28th. Finally, Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and a consensus price target of $25.00.

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.