Oceaneering International, Inc. (NYSE:OII) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 8.0% during the third quarter, Holdings Channel reports. The firm owned 36,045 shares of the oil and gas company’s stock after purchasing an additional 2,657 shares during the quarter. Natixis Advisors LLC’s holdings in Oceaneering International were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OII. O Shaughnessy Asset Management LLC raised its position in shares of Oceaneering International by 25.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 2,559 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Oceaneering International by 2.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 87,949 shares of the oil and gas company’s stock worth $2,056,000 after purchasing an additional 1,898 shares during the period. Janus Henderson Group PLC raised its position in shares of Oceaneering International by 46.6% during the first quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock worth $29,323,000 after purchasing an additional 398,209 shares during the period. Comerica Bank raised its position in shares of Oceaneering International by 27.5% during the first quarter. Comerica Bank now owns 59,961 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 12,948 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of Oceaneering International during the second quarter worth $273,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction dated 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 sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research 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.

Oceaneering International Stock Performance

Shares of NYSE OII opened at $29.79 on Thursday. The business’s 50-day moving average price is $26.14 and its two-hundred day moving average price is $25.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.65. The company has a market capitalization of $3.01 billion, a P/E ratio of 22.82 and a beta of 2.35.

Oceaneering International (NYSE:OII) last issued 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). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that Oceaneering International, Inc. will post 1.39 earnings per share 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.