Charles Schwab Investment Management Inc. Buys 15,678 Shares of Oceaneering International, Inc. (NYSE:OII)

Charles Schwab Investment Management Inc. grew its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240,577 shares of the oil and gas company’s stock after acquiring an additional 15,678 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Oceaneering International worth $30,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OII. Isthmus Partners LLC increased its holdings 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 valued at $27,000 after acquiring an additional 968 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Oceaneering International during the second quarter valued at $38,000. Farther Finance Advisors LLC boosted its position in shares of Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,905 shares during the last quarter. CWM LLC boosted its position in shares of Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,034 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Oceaneering International by 108.3% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,412 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OII. Barclays dropped their price objective on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th.

Insider Activity

In related news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction that occurred 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 approximately $647,573.26. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Oceaneering International Trading Down 0.5 %

Shares of NYSE:OII opened at $30.42 on Wednesday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 23.05 and a beta of 2.39. 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’s 50-day simple moving average is $26.48 and its two-hundred day simple moving average is $25.31. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.98.

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

Oceaneering International Company 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.