Oceaneering International, Inc. $OII Stock Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in Oceaneering International, Inc. (NYSE:OII) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,461,749 shares of the oil and gas company’s stock after selling 15,319 shares during the quarter. Dimensional Fund Advisors LP owned 3.47% of Oceaneering International worth $122,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley Institutional Investment Advisors LLC bought a new position in Oceaneering International during the fourth quarter worth $94,847,000. Balyasny Asset Management L.P. lifted its position in shares of Oceaneering International by 916.6% in the 2nd 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 buying an additional 1,227,950 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Oceaneering International by 210.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock valued at $12,190,000 after buying an additional 333,666 shares during the period. Old West Investment Management LLC boosted its holdings in shares of Oceaneering International by 128.2% in the 4th quarter. Old West Investment Management LLC now owns 543,271 shares of the oil and gas company’s stock valued at $13,055,000 after buying an additional 305,168 shares during the period. Finally, SIR Capital Management L.P. bought a new stake in shares of Oceaneering International during the 3rd quarter valued at about $6,750,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the transaction, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Cowen raised their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Barclays boosted their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup raised their target price on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

Oceaneering International Price Performance

Shares of NYSE OII opened at $52.16 on Tuesday. The stock has a market cap of $5.20 billion, a P/E ratio of 14.99 and a beta of 1.15. The firm’s 50-day simple moving average is $40.08 and its 200 day simple moving average is $36.25. Oceaneering International, Inc. has a fifty-two week low of $20.79 and a fifty-two week high of $53.98. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42.

Oceaneering International 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.