Amalgamated Bank Trims Stake in Oceaneering International, Inc. (NYSE:OII)

Amalgamated Bank cut its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,882 shares of the oil and gas company’s stock after selling 1,067 shares during the quarter. Amalgamated Bank’s holdings in Oceaneering International were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OII. Isthmus Partners LLC raised 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 worth $27,000 after purchasing an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Oceaneering International in the 2nd quarter valued at approximately $38,000. Farther Finance Advisors LLC raised its stake in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,905 shares during the period. EntryPoint Capital LLC increased its stake in 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 buying an additional 1,124 shares during the period. Finally, CWM LLC increased its stake in Oceaneering International by 351.9% during the 2nd quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,034 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $26.81 on Friday. The business’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $24.83. The stock has a market cap of $2.71 billion, a PE ratio of 20.31 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The company had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. Oceaneering International’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. On average, analysts forecast that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of the firm’s stock in a transaction dated 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 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OII shares. Benchmark restated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a report on Friday, October 25th. Barclays lowered their price target on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 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.