Oceaneering International, Inc. $OII Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 166.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,367 shares of the oil and gas company’s stock after acquiring an additional 18,991 shares during the quarter. Sigma Planning Corp’s holdings in Oceaneering International were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new stake in shares of Oceaneering International during the second quarter worth $855,000. Great Lakes Advisors LLC purchased a new stake in shares of Oceaneering International during the second quarter valued at $445,000. Bank of America Corp DE bought a new position in shares of Oceaneering International in the second quarter worth about $14,783,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Oceaneering International in the second quarter worth about $2,889,000. Finally, Fifth Third Bancorp grew its holdings in shares of Oceaneering International by 6,782.5% in the first quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 29,097 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 0.4%

Shares of NYSE OII opened at $41.65 on Thursday. The company has a quick ratio of 1.97, a current ratio of 2.20 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $46.63 and a two-hundred day simple moving average of $40.08. The firm has a market cap of $4.15 billion, a PE ratio of 12.66 and a beta of 1.25. Oceaneering International, Inc. has a twelve month low of $22.13 and a twelve month high of $54.25.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 21st. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Oceaneering International had a return on equity of 16.87% and a net margin of 11.37%. The firm had revenue of $784.55 million for the quarter, compared to the consensus estimate of $775.93 million. During the same period in the previous year, the company posted $0.55 EPS. Oceaneering International’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts expect that Oceaneering International, Inc. will post 2.10 earnings per share for the current fiscal year.

Insider Transactions at Oceaneering International

In other news, Director Paul B. Murphy, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the completion of the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. The trade was a 12.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Roderick A. Larson sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $44.16, for a total transaction of $264,960.00. Following the completion of the sale, the chief executive officer owned 391,279 shares of the company’s stock, valued at approximately $17,278,880.64. This represents a 1.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OII has been the topic of several recent analyst reports. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings cut shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Barclays dropped their target price on shares of Oceaneering International from $47.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Citigroup upped their target price on shares of Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.33.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.