Edgestream Partners L.P. Raises Stock Holdings in Oceaneering International, Inc. $OII

Edgestream Partners L.P. raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 306.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,544 shares of the oil and gas company’s stock after purchasing an additional 87,851 shares during the period. Edgestream Partners L.P.’s holdings in Oceaneering International were worth $4,134,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares during the period. Quarry LP purchased a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Oceaneering International during the 1st quarter valued at approximately $53,000. Finally, Hantz Financial Services Inc. grew its stake in Oceaneering International by 248.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 1,627 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Performance

Shares of NYSE:OII opened at $48.77 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The business’s 50 day moving average price is $40.83 and its 200-day moving average price is $36.78. The firm has a market capitalization of $4.85 billion, a PE ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a 1 year low of $20.79 and a 1 year high of $53.98.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OII. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Barclays lifted their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. TD Cowen boosted their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, Citigroup boosted their target price on shares of Oceaneering International from $35.00 to $40.00 and gave the stock 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Insider Transactions at Oceaneering International

In other Oceaneering International news, Director M Kevin Mcevoy sold 3,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.92, for a total value of $143,760.00. Following the transaction, the director owned 134,133 shares in the company, valued at approximately $6,427,653.36. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Earl Childress sold 12,701 shares of Oceaneering International stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the sale, the senior vice president directly owned 22,876 shares in the company, valued at approximately $1,068,537.96. This trade represents a 35.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,901 shares of company stock valued at $985,554 in the last 90 days. 1.30% of the stock is 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.