Alps Advisors Inc. Purchases Shares of 18,800 Oceaneering International, Inc. $OII

Alps Advisors Inc. acquired a new position in Oceaneering International, Inc. (NYSE:OII) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,800 shares of the oil and gas company’s stock, valued at approximately $466,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OII. Brown Advisory Inc. boosted its holdings in Oceaneering International by 12.2% in the 2nd quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock worth $152,202,000 after buying an additional 799,718 shares during the period. American Century Companies Inc. raised its holdings in Oceaneering International by 8.2% during the second quarter. American Century Companies Inc. now owns 3,370,206 shares of the oil and gas company’s stock valued at $69,831,000 after acquiring an additional 256,628 shares during the period. Greenhouse Funds LLLP lifted its position in shares of Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after acquiring an additional 223,724 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Oceaneering International by 916.6% in the second quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock worth $28,219,000 after acquiring an additional 1,227,950 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Oceaneering International by 14.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,301,792 shares of the oil and gas company’s stock worth $32,258,000 after purchasing an additional 167,548 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 value of $768,234.25. Following the completion of the transaction, the senior vice president owned 52,344 shares of the company’s stock, valued at approximately $1,379,264.40. This trade represents a 35.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Oceaneering International Price Performance

Oceaneering International stock opened at $33.16 on Friday. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 14.48 and a beta of 1.26. The firm’s fifty day moving average is $27.53 and its 200 day moving average is $25.03. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $34.56.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen lifted their target price on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Barclays lifted their price objective on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently 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.