Rhumbline Advisers Purchases 27,177 Shares of Oceaneering International, Inc. (NYSE:OII)

Rhumbline Advisers lifted its position in Oceaneering International, Inc. (NYSE:OII) by 10.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,656 shares of the oil and gas company’s stock after acquiring an additional 27,177 shares during the quarter. Rhumbline Advisers owned 0.28% of Oceaneering International worth $6,759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Oceaneering International by 1.3% during 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 buying an additional 34,181 shares in the last quarter. Hennessy Advisors Inc. increased its position in Oceaneering International by 18.8% during the 1st quarter. Hennessy Advisors Inc. now owns 1,166,500 shares of the oil and gas company’s stock valued at $27,296,000 after purchasing an additional 184,300 shares during the period. Hawk Ridge Capital Management LP purchased a new position in Oceaneering International during the 4th quarter valued at about $8,884,000. Empowered Funds LLC purchased a new position in Oceaneering International during the 1st quarter valued at about $2,131,000. Finally, Appian Way Asset Management LP purchased a new position in Oceaneering International during the 4th quarter valued at about $1,620,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Oceaneering International Price Performance

Shares of NYSE OII opened at $23.20 on Friday. The firm has a 50-day simple moving average of $26.06 and a 200-day simple moving average of $23.88. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.89 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, Inc. has a 52 week low of $18.67 and a 52 week high of $30.45.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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). The firm had revenue of $668.81 million during the quarter, compared to analysts’ expectations of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, equities analysts predict that Oceaneering International, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Transactions at Oceaneering International

In other news, SVP Earl Childress sold 10,000 shares of the 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 sale, the senior vice president now owns 57,351 shares of the company’s stock, valued at $1,473,920.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction that occurred on 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 $647,573.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction on 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 transaction, the senior vice president now owns 57,351 shares in the company, valued at $1,473,920.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,975 shares of company stock valued at $585,413. 2.30% of the stock is currently owned by corporate insiders.

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.