Tudor Investment Corp ET AL Purchases 333,666 Shares of Oceaneering International, Inc. $OII

Tudor Investment Corp ET AL lifted its position in Oceaneering International, Inc. (NYSE:OII) by 210.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,928 shares of the oil and gas company’s stock after buying an additional 333,666 shares during the period. Tudor Investment Corp ET AL’s holdings in Oceaneering International were worth $12,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OII. Brown Advisory Inc. lifted its holdings in Oceaneering International by 12.2% in the second quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock valued at $152,202,000 after acquiring an additional 799,718 shares during the period. American Century Companies Inc. boosted its position in Oceaneering International by 8.1% in the third quarter. American Century Companies Inc. now owns 3,642,873 shares of the oil and gas company’s stock worth $90,270,000 after purchasing an additional 272,667 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Oceaneering International by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,285,951 shares of the oil and gas company’s stock valued at $81,429,000 after purchasing an additional 98,333 shares during the period. Greenhouse Funds LLLP increased its position in shares of Oceaneering International by 9.9% during the 2nd quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after purchasing an additional 223,724 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Oceaneering International by 916.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock valued at $28,219,000 after purchasing an additional 1,227,950 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Activity

In related news, SVP Holly Kriendler sold 5,798 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $37.31, for a total transaction of $216,323.38. Following the completion of the transaction, the senior vice president owned 24,702 shares in the company, valued at approximately $921,631.62. This represents a 19.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher J. Dyer sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $38.08, for a total transaction of $228,480.00. Following the transaction, the senior vice president directly owned 15,902 shares of the company’s stock, valued at $605,548.16. The trade was a 27.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 140,844 shares of company stock valued at $4,972,594. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Citigroup upped their target price on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Barclays lifted their price target on shares of Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Finally, Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and an average price target of $33.67.

Oceaneering International Stock Performance

NYSE OII opened at $34.95 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $39.00. The business has a 50-day moving average price of $32.49 and a 200-day moving average price of $27.21. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 9.99 and a beta of 1.18.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The company had revenue of $668.57 million for the quarter, compared to the consensus estimate of $678.16 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.