Mutual of America Capital Management LLC Sells 1,401 Shares of Oceaneering International, Inc. (NYSE:OII)

Mutual of America Capital Management LLC cut its holdings in Oceaneering International, Inc. (NYSE:OII) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,264 shares of the oil and gas company’s stock after selling 1,401 shares during the period. Mutual of America Capital Management LLC’s holdings in Oceaneering International were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Earnest Partners LLC lifted its holdings in shares of Oceaneering International by 21.0% in 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 purchasing an additional 1,105,263 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Oceaneering International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock worth $64,003,000 after purchasing an additional 43,941 shares during the last quarter. American Century Companies Inc. boosted its position in Oceaneering International by 13.4% in the second quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock worth $47,849,000 after purchasing an additional 239,701 shares during the last quarter. Congress Asset Management Co. bought a new position in Oceaneering International in the 3rd quarter valued at $38,819,000. Finally, Janus Henderson Group PLC increased its position 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 during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII stock opened at $29.79 on Thursday. The company has a market capitalization of $3.01 billion, a P/E ratio of 22.57 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 $30.65. 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 stock has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $25.13.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The company had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. Oceaneering International’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. Analysts expect that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 value of $75,702.00. Following the completion of the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OII. Barclays lowered their target price on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th.

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.