American Century Companies Inc. Boosts Stock Position in Oceaneering International, Inc. $OII

American Century Companies Inc. boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,642,873 shares of the oil and gas company’s stock after purchasing an additional 272,667 shares during the quarter. American Century Companies Inc. owned about 3.65% of Oceaneering International worth $90,270,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of Oceaneering International in the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Oceaneering International in the third quarter worth about $28,000. EverSource Wealth Advisors LLC increased its stake in Oceaneering International by 335.6% during the second 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 during the last quarter. SBI Securities Co. Ltd. increased its stake in Oceaneering International by 255.1% during the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Oceaneering International by 47.5% during the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 629 shares during the period. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 2.0%

OII opened at $35.16 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $29.99 and its two-hundred day moving average is $26.23. The company has a market capitalization of $3.49 billion, a P/E ratio of 10.05 and a beta of 1.18. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $39.00.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $668.57 million for the quarter, compared to the consensus estimate of $678.16 million. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. Analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OII. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays increased their target price on shares of Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, TD Cowen upped their price target on shares of Oceaneering International from $28.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.33.

Insider Buying and Selling at Oceaneering International

In other news, SVP Holly Kriendler sold 19,007 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $37.73, for a total transaction of $717,134.11. Following the transaction, the senior vice president directly owned 30,500 shares in the company, valued at approximately $1,150,765. This trade represents a 38.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Fremont Simons sold 29,155 shares of Oceaneering International stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 140,844 shares of company stock worth $4,972,594. 2.10% of the stock is currently owned by company insiders.

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.