Central Pacific Bank Trust Division Buys 1,800 Shares of Oceaneering International, Inc. (NYSE:OII)

Central Pacific Bank Trust Division raised its stake in Oceaneering International, Inc. (NYSE:OII) by 34.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,010 shares of the oil and gas company’s stock after purchasing an additional 1,800 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Oceaneering International were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wedge Capital Management L L P NC boosted its stake in shares of Oceaneering International by 0.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 66,685 shares of the oil and gas company’s stock worth $1,578,000 after acquiring an additional 450 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Oceaneering International by 0.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock worth $2,957,000 after acquiring an additional 465 shares during the period. Arizona State Retirement System boosted its stake in shares of Oceaneering International by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company’s stock worth $668,000 after acquiring an additional 540 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Oceaneering International by 5.4% during the 1st quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 628 shares during the period. Finally, Shell Asset Management Co. boosted its stake in shares of Oceaneering International by 5.2% during the 1st quarter. Shell Asset Management Co. now owns 15,086 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 749 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

NYSE:OII opened at $26.54 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 24.93 and a beta of 2.35. The stock has a 50 day simple moving average of $25.94 and a 200 day simple moving average of $24.34. 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.

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

Insider Buying and Selling at Oceaneering International

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 stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Karen H. Beachy sold 3,300 shares of the business’s 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 completion of the transaction, the director now owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $252,711.00. Following the transaction, the director now directly owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $585,413 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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