Oceaneering International, Inc. (NYSE:OII) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Oceaneering International, Inc. (NYSE:OII) by 108.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,716 shares of the oil and gas company’s stock after purchasing an additional 1,412 shares during the quarter. GAMMA Investing LLC’s holdings in Oceaneering International were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OII. SG Americas Securities LLC grew its position in Oceaneering International by 49.7% during the 3rd quarter. SG Americas Securities LLC now owns 7,484 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 2,483 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Oceaneering International by 34.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company’s stock valued at $174,000 after acquiring an additional 1,800 shares during the period. The Manufacturers Life Insurance Company raised its stake in Oceaneering International by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,693 shares of the oil and gas company’s stock valued at $1,341,000 after acquiring an additional 2,657 shares during the last quarter. Earnest Partners LLC lifted its position in Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after acquiring an additional 1,105,263 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Oceaneering International by 667.7% in the second quarter. AQR Capital Management LLC now owns 137,911 shares of the oil and gas company’s stock valued at $3,263,000 after purchasing an additional 119,946 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Oceaneering International stock opened at $24.75 on Wednesday. The company has a market cap of $2.51 billion, a P/E ratio of 23.35 and a beta of 2.35. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45. The business has a fifty day moving average of $25.60 and a two-hundred day moving average of $24.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72.

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

Analysts Set New Price Targets

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

Insider Transactions at Oceaneering International

In related news, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the transaction, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the transaction, the senior vice president now directly owns 57,351 shares in the company, valued at approximately $1,473,920.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director M Kevin Mcevoy sold 9,675 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the sale, the director now directly owns 141,837 shares in the company, valued at $3,704,782.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock valued at $585,413 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

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.