Oceaneering International, Inc. (NYSE:OII) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 49.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,484 shares of the oil and gas company’s stock after purchasing an additional 2,483 shares during the period. SG Americas Securities LLC’s holdings in Oceaneering International were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OII. Vanguard Group Inc. grew its holdings in Oceaneering International by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after acquiring an additional 117,503 shares during the period. Earnest Partners LLC increased its holdings in shares of Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after purchasing an additional 1,105,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Oceaneering International by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock valued at $64,003,000 after purchasing an additional 43,941 shares during the period. Van ECK Associates Corp boosted its holdings in Oceaneering International by 0.5% during the first quarter. Van ECK Associates Corp now owns 2,076,502 shares of the oil and gas company’s stock worth $48,590,000 after buying an additional 10,575 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Oceaneering International by 13.4% during the second quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock valued at $47,849,000 after buying an additional 239,701 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Oceaneering International

In other 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 value of $75,702.00. Following the sale, the director now directly owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the transaction, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director M Kevin Mcevoy sold 9,675 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the sale, the director now directly owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. This 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 over the last quarter. 2.30% of the stock is currently owned by insiders.

Oceaneering International Stock Performance

OII opened at $23.23 on Thursday. The firm’s fifty day simple moving average is $25.42 and its two-hundred day simple moving average is $24.52. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.45. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 21.92 and a beta of 2.35. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.73.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results 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 company had revenue of $668.81 million during the quarter, compared to analysts’ expectations of $656.87 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Oceaneering International, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Thursday, July 25th. Finally, Citigroup raised their price objective on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd.

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.