Oceaneering International, Inc. (NYSE:OII) Stake Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in Oceaneering International, Inc. (NYSE:OII) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 57,911 shares of the oil and gas company’s stock after selling 1,617 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Oceaneering International worth $1,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Oceaneering International in the 1st quarter valued at about $2,131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Oceaneering International by 20.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 709,764 shares of the oil and gas company’s stock valued at $16,609,000 after buying an additional 122,400 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Oceaneering International by 46.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock worth $29,323,000 after buying an additional 398,209 shares in the last quarter. Earnest Partners LLC grew its holdings in Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after buying an additional 1,105,263 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Oceaneering International by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after acquiring an additional 24,283 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction 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 transaction, the director now owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the sale, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $75,702.00. Following the completion of the transaction, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $585,413 over the last ninety days. Insiders own 2.30% of the company’s stock.

Oceaneering International Stock Up 0.2 %

Shares of OII stock opened at $24.44 on Monday. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.42 and a current ratio of 1.76. The business’s fifty day moving average is $25.11 and its 200-day moving average is $24.55. The stock has a market cap of $2.47 billion, a PE ratio of 18.52 and a beta of 2.35.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. During the same quarter last year, the firm posted $0.38 earnings per share. Oceaneering International’s revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that Oceaneering International, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OII. Barclays reduced their price target on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th.

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.