Oceaneering International, Inc. $OII Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Oceaneering International, Inc. (NYSE:OII) by 45.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,283 shares of the oil and gas company’s stock after selling 137,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Oceaneering International were worth $6,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OII. Empowered Funds LLC acquired a new position in shares of Oceaneering International during the 2nd quarter valued at $5,434,000. Public Employees Retirement System of Ohio bought a new stake in shares of Oceaneering International in the 2nd quarter worth $54,000. Capstone Investment Advisors LLC acquired a new stake in shares of Oceaneering International in the second quarter valued at $1,017,000. Corient Private Wealth LP acquired a new stake in shares of Oceaneering International in the second quarter valued at $422,000. Finally, Bank of America Corp DE bought a new position in Oceaneering International during the second quarter valued at about $14,783,000. 93.93% of the stock is owned by institutional investors.

Insider Activity

In other news, Director M. McEvoy sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the sale, the director owned 134,133 shares in the company, valued at $6,427,653.36. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Earl Childress sold 12,701 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the sale, the senior vice president owned 22,876 shares of the company’s stock, 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. In the last three months, insiders have sold 26,901 shares of company stock valued at $1,277,904. Corporate insiders own 1.30% of the company’s stock.

Oceaneering International Trading Down 1.5%

Shares of NYSE OII opened at $50.65 on Wednesday. Oceaneering International, Inc. has a 12 month low of $22.02 and a 12 month high of $54.25. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 14.56 and a beta of 1.17. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $47.75 and a 200-day simple moving average of $40.80.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.Oceaneering International’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Sell-side analysts predict that Oceaneering International, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Citigroup raised their price objective on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Barclays lifted their price objective on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oceaneering International has a consensus rating of “Hold” and an average price target of $45.00.

About Oceaneering International

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.