Oceaneering International, Inc. (NYSE:OII) Stake Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its stake in Oceaneering International, Inc. (NYSE:OII) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,368 shares of the oil and gas company’s stock after selling 1,600 shares during the period. Los Angeles Capital Management LLC’s holdings in Oceaneering International were worth $1,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Oceaneering International by 0.9% in 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 buying an additional 117,503 shares during the period. Earnest Partners LLC increased its holdings in shares of Oceaneering International by 9.3% in the 1st quarter. Earnest Partners LLC now owns 5,259,951 shares of the oil and gas company’s stock worth $123,083,000 after acquiring an additional 445,419 shares during the period. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company’s stock valued at $56,654,000 after purchasing an additional 34,181 shares during the last quarter. Van ECK Associates Corp boosted its stake in Oceaneering International by 0.5% during the 1st quarter. Van ECK Associates Corp now owns 2,076,502 shares of the oil and gas company’s stock valued at $48,590,000 after purchasing an additional 10,575 shares during the period. Finally, Franklin Resources Inc. grew its position in Oceaneering International by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 1,696,601 shares of the oil and gas company’s stock worth $36,104,000 after purchasing an additional 19,966 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling

In other news, Director M Kevin Mcevoy sold 9,675 shares of the firm’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 completion of the transaction, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director M Kevin Mcevoy sold 9,675 shares of the firm’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 directly owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen H. Beachy sold 3,300 shares of Oceaneering International 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 completion of the transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $585,413 over the last three months. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oceaneering International Trading Up 0.3 %

Oceaneering International stock opened at $22.48 on Thursday. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $30.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.72 and a quick ratio of 1.42. The stock has a market capitalization of $2.28 billion, a PE ratio of 21.20 and a beta of 2.35. The firm has a 50 day simple moving average of $26.09 and a 200-day simple moving average of $23.88.

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 (EPS) 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 firm had revenue of $668.81 million for the quarter, compared to the consensus estimate of $656.87 million. During the same period in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.42 EPS for the current fiscal year.

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.