Texas Permanent School Fund Corp Increases Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Texas Permanent School Fund Corp lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 14.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 100,477 shares of the oil and gas company’s stock after purchasing an additional 12,324 shares during the period. Texas Permanent School Fund Corp’s holdings in Oceaneering International were worth $2,377,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC grew its stake in shares of Oceaneering International by 0.7% during the second quarter. Wedge Capital Management L L P NC now owns 66,685 shares of the oil and gas company’s stock worth $1,578,000 after purchasing an additional 450 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Oceaneering International by 0.4% during the first quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock worth $2,957,000 after acquiring an additional 465 shares during the last quarter. Arizona State Retirement System grew its position in shares of Oceaneering International by 2.0% during the second quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company’s stock worth $668,000 after acquiring an additional 540 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Oceaneering International by 5.4% during the first quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 628 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of Oceaneering International by 5.2% during the first quarter. Shell Asset Management Co. now owns 15,086 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 749 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling at Oceaneering International

In other news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International 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 approximately $3,704,782.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International 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 approximately $3,704,782.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen H. Beachy sold 3,300 shares of the business’s 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 transaction, the director now directly owns 28,229 shares in the company, valued at $647,573.26. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock worth $585,413 in the last 90 days. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Benchmark restated 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 Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, Citigroup raised their target price 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 Trading Up 3.2 %

Oceaneering International stock opened at $23.95 on Tuesday. The stock has a market cap of $2.43 billion, a PE ratio of 22.59 and a beta of 2.35. The stock has a 50-day moving average price of $26.05 and a 200 day moving average price of $23.95. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.45. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.73.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $668.81 million for the quarter, compared to analysts’ expectations of $656.87 million. Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Equities research analysts predict that Oceaneering International, Inc. will post 1.42 earnings per share for the current fiscal year.

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.