Oceaneering International, Inc. (NYSE:OII) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in Oceaneering International, Inc. (NYSE:OII) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,477 shares of the oil and gas company’s stock after acquiring an additional 12,324 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Oceaneering International worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Isthmus Partners LLC boosted its stake in Oceaneering International by 0.9% in 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 acquired a new stake in shares of Oceaneering International during the second quarter worth $38,000. Neo Ivy Capital Management acquired a new stake in shares of Oceaneering International during the fourth quarter worth $44,000. Pineridge Advisors LLC acquired a new stake in shares of Oceaneering International during the fourth quarter worth $44,000. Finally, EntryPoint Capital LLC lifted its stake in shares of Oceaneering International by 105.2% during the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after buying an additional 1,124 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OII shares. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, July 25th. Barclays raised their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Finally, Citigroup raised their target price on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd.

Oceaneering International Stock Up 3.2 %

OII opened at $23.95 on Tuesday. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. The company has a fifty day moving average of $26.05 and a two-hundred day moving average of $23.95. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.59 and a beta of 2.35.

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

Insider Activity

In other news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 57,351 shares in the company, valued at approximately $1,473,920.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, 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 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 approximately $647,573.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the transaction, the senior vice president now owns 57,351 shares in the company, valued at $1,473,920.70. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock worth $585,413 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

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.