Vanguard Group Inc. Purchases 187,707 Shares of Oceaneering International, Inc. $OII

Vanguard Group Inc. boosted its position in Oceaneering International, Inc. (NYSE:OII) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,371,147 shares of the oil and gas company’s stock after buying an additional 187,707 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Oceaneering International worth $297,279,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in Oceaneering International by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after acquiring an additional 380 shares during the last quarter. CSM Advisors LLC grew its position in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after buying an additional 428 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Oceaneering International by 15.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after buying an additional 469 shares during the period. Bessemer Group Inc. grew its position in shares of Oceaneering International by 47.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after buying an additional 629 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Oceaneering International by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock worth $1,934,000 after buying an additional 634 shares during the period. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Barclays boosted their target price on Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. TD Cowen boosted their target price on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.33.

Oceaneering International Trading Down 1.3%

NYSE:OII opened at $36.59 on Friday. Oceaneering International, Inc. has a fifty-two week low of $18.45 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. The stock has a market capitalization of $3.65 billion, a PE ratio of 10.86 and a beta of 1.17. The business’s 50-day simple moving average is $36.14 and its 200-day simple moving average is $30.06.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business had revenue of $692.43 million for the quarter, compared to the consensus estimate of $671.35 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts expect that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $366,618.00. Following the sale, the director owned 22,816 shares in the company, valued at approximately $853,546.56. The trade was a 30.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Benjamin Laura sold 33,176 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $37.51, for a total value of $1,244,431.76. Following the completion of the sale, the chief operating officer owned 45,911 shares in the company, valued at $1,722,121.61. The trade was a 41.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,689 shares of company stock worth $4,204,360 over the last three months. Company insiders own 1.30% of the company’s stock.

Oceaneering International Company 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.