Creative Planning Grows Position in Oceaneering International, Inc. (NYSE:OII)

Creative Planning increased its position in shares of Oceaneering International, Inc. (NYSE:OII) by 43.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,522 shares of the oil and gas company’s stock after purchasing an additional 3,771 shares during the period. Creative Planning’s holdings in Oceaneering International were worth $311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OII. Norden Group LLC purchased a new position in shares of Oceaneering International during the 1st quarter worth about $233,000. BNP Paribas Financial Markets lifted its holdings in Oceaneering International by 10.7% during the 1st quarter. BNP Paribas Financial Markets now owns 160,377 shares of the oil and gas company’s stock valued at $3,753,000 after buying an additional 15,486 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Oceaneering International by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 88,153 shares of the oil and gas company’s stock valued at $2,063,000 after buying an additional 1,141 shares in the last quarter. Empowered Funds LLC bought a new stake in Oceaneering International during the 1st quarter valued at about $2,131,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in Oceaneering International by 0.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock valued at $2,957,000 after buying an additional 465 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction that occurred on 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 owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction that occurred on 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 owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the sale, the director now directly owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Oceaneering International Trading Down 1.1 %

NYSE:OII opened at $27.90 on Friday. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The firm has a market cap of $2.82 billion, a P/E ratio of 21.14 and a beta of 2.35. The firm has a 50-day simple moving average of $25.12 and a 200-day simple moving average of $24.70.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Oceaneering International, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th.

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.