SG Americas Securities LLC Has $311,000 Position in Oceaneering International, Inc. $OII

SG Americas Securities LLC cut its holdings in Oceaneering International, Inc. (NYSE:OII) by 94.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,763 shares of the oil and gas company’s stock after selling 144,660 shares during the quarter. SG Americas Securities LLC’s holdings in Oceaneering International were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International during the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its position in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the last quarter. Quarry LP acquired a new stake in shares of Oceaneering International during the third quarter worth $30,000. Hantz Financial Services Inc. grew its stake in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 1,627 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Oceaneering International by 33.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Citigroup upped their price target on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Barclays increased their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, TD Cowen boosted their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Oceaneering International has an average rating of “Hold” and a consensus target price of $38.33.

Insider Buying and Selling at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was 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 approximately $15,203,867.33. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Oceaneering International Stock Performance

Shares of Oceaneering International stock opened at $42.12 on Friday. The company has a market capitalization of $4.20 billion, a PE ratio of 12.50 and a beta of 1.15. Oceaneering International, Inc. has a 12 month low of $20.21 and a 12 month high of $42.31. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $38.40 and its 200 day simple moving average is $34.58.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $671.35 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Oceaneering International, Inc. will post 1.89 EPS for the current year.

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.