Goehring & Rozencwajg Associates LLC Grows Stock Position in Oceaneering International, Inc. (NYSE:OII)

Goehring & Rozencwajg Associates LLC lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,887 shares of the oil and gas company’s stock after purchasing an additional 70,300 shares during the quarter. Oceaneering International comprises approximately 2.1% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 16th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.44% of Oceaneering International worth $10,597,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Isthmus Partners LLC raised its stake in shares of Oceaneering International by 0.9% during the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Oceaneering International during the second quarter worth $38,000. Neo Ivy Capital Management acquired a new position in Oceaneering International during the fourth quarter worth $44,000. Pineridge Advisors LLC acquired a new position in Oceaneering International during the fourth quarter worth $44,000. Finally, EntryPoint Capital LLC grew its holdings in Oceaneering International by 105.2% during the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 1,124 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total value of $252,711.00. Following the sale, the director now directly owns 141,837 shares in the company, valued at approximately $3,704,782.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,975 shares of company stock valued at $585,413. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OII shares. Citigroup upped their price objective on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Barclays upped their price objective on Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Thursday, July 25th.

Oceaneering International Stock Down 1.9 %

Oceaneering International stock opened at $25.01 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.59 and a beta of 2.35. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.45. The stock’s fifty day moving average is $26.08 and its two-hundred day moving average is $23.99.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $668.81 million during the quarter, compared to analyst estimates of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Analysts predict that Oceaneering International, Inc. will post 1.42 EPS for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.