Farther Finance Advisors LLC Boosts Position in Oceaneering International, Inc. (NYSE:OII)

Farther Finance Advisors LLC boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 3,594.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,958 shares of the oil and gas company’s stock after buying an additional 1,905 shares during the quarter. Farther Finance Advisors LLC’s holdings in Oceaneering International were worth $49,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Oceaneering International by 20.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 709,764 shares of the oil and gas company’s stock worth $16,609,000 after buying an additional 122,400 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oceaneering International by 46.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock valued at $29,323,000 after purchasing an additional 398,209 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of 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 valued at $150,601,000 after purchasing an additional 1,105,263 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after purchasing an additional 24,283 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Oceaneering International by 10.5% during the 2nd quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company’s stock valued at $6,759,000 after purchasing an additional 27,177 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction 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 sale, the director now owns 141,837 shares of the company’s stock, valued at $3,704,782.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction 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 sale, the director now owns 141,837 shares of the company’s stock, valued at $3,704,782.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen H. Beachy sold 3,300 shares of Oceaneering International 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 directly owns 28,229 shares in the company, valued at approximately $647,573.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Oceaneering International Price Performance

Shares of NYSE OII opened at $27.83 on Thursday. The firm has a market cap of $2.81 billion, a PE ratio of 21.08 and a beta of 2.35. The firm has a fifty day moving average of $25.28 and a 200 day moving average of $24.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45.

Oceaneering International (NYSE:OII) last issued 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). The company had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. Oceaneering International’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, research analysts predict that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the subject of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a report on Friday, October 25th. Barclays cut their target price 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.

Oceaneering International Profile

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.