Hsbc Holdings PLC Has $919,000 Holdings in Oceaneering International, Inc. $OII

Hsbc Holdings PLC lessened its position in shares of Oceaneering International, Inc. (NYSE:OII) by 35.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,913 shares of the oil and gas company’s stock after selling 20,890 shares during the period. Hsbc Holdings PLC’s holdings in Oceaneering International were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oceaneering International by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock valued at $1,312,000 after buying an additional 2,633 shares during the period. Empowered Funds LLC increased its stake in shares of Oceaneering International by 1.9% in the 1st quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock valued at $2,634,000 after acquiring an additional 2,310 shares in the last quarter. Strs Ohio acquired a new position in shares of Oceaneering International during the 1st quarter valued at $168,000. Norges Bank acquired a new position in shares of Oceaneering International during the 2nd quarter valued at $1,485,000. Finally, Invesco Ltd. boosted its stake in Oceaneering International by 8.0% during the second quarter. Invesco Ltd. now owns 650,188 shares of the oil and gas company’s stock worth $13,472,000 after acquiring an additional 48,382 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the 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 sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

OII has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Citigroup boosted their target price on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Barclays upped their price target on Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, TD Cowen raised their price objective on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One 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, the company presently has an average rating of “Hold” and a consensus price target of $38.33.

Oceaneering International Trading Up 2.7%

NYSE:OII opened at $43.24 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. Oceaneering International, Inc. has a one year low of $20.21 and a one year high of $43.92. The company has a market cap of $4.31 billion, a PE ratio of 12.83 and a beta of 1.15. The firm has a 50-day moving average of $38.51 and a 200-day moving average of $34.78.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results 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). The business had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. Oceaneering International’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.89 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.