Oppenheimer Asset Management Inc. Buys 6,643 Shares of Oceaneering International, Inc. (NYSE:OII)

Oppenheimer Asset Management Inc. boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,864 shares of the oil and gas company’s stock after acquiring an additional 6,643 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Oceaneering International worth $1,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OII. Isthmus Partners LLC increased its position 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 purchasing an additional 968 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Oceaneering International during the second quarter worth $38,000. Neo Ivy Capital Management bought a new stake in Oceaneering International in the 4th quarter valued at $44,000. Pineridge Advisors LLC acquired a new position in shares of Oceaneering International in the 4th quarter valued at $44,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Oceaneering International by 105.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 1,124 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

NYSE:OII opened at $25.01 on Thursday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 23.59 and a beta of 2.35. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.73. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.45. The firm has a 50 day moving average of $26.08 and a 200-day moving average of $23.99.

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

Insider Buying and Selling

In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 57,351 shares in the company, valued at approximately $1,473,920.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at $3,704,782.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 57,351 shares in the company, valued at approximately $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 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

OII has been the subject of several recent research reports. Citigroup increased their price target on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Benchmark reissued a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a report on Thursday, July 25th. Finally, Barclays boosted their price target on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st.

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.