Pathstone Holdings LLC Has $1.50 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Pathstone Holdings LLC raised its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 60,417 shares of the oil and gas company’s stock after purchasing an additional 9,316 shares during the quarter. Pathstone Holdings LLC owned 0.06% of Oceaneering International worth $1,503,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Oceaneering International during the second quarter valued at about $38,000. Farther Finance Advisors LLC raised its stake in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares in the last quarter. CWM LLC lifted its position in Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,034 shares during the period. GAMMA Investing LLC boosted its stake in Oceaneering International by 108.3% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after buying an additional 1,412 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Oceaneering International by 34.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company’s stock valued at $174,000 after buying an additional 1,800 shares during the period. Institutional investors 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 business’s stock in a transaction dated Tuesday, September 10th. The shares were 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 directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Oceaneering International Stock Up 1.7 %

Shares of NYSE:OII opened at $29.79 on Friday. The company has a market capitalization of $3.01 billion, a PE ratio of 22.57 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The company’s fifty day moving average is $26.23 and its 200-day moving average is $25.16. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.65.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share 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 firm had revenue of $679.81 million for the quarter, compared to the consensus estimate of $693.69 million. During the same period in the prior year, the company posted $0.38 earnings per share. Oceaneering International’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Oceaneering International, Inc. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Barclays decreased their price objective 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 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.