Townsquare Capital LLC Takes Position in Oceaneering International, Inc. (NYSE:OII)

Townsquare Capital LLC purchased a new stake in Oceaneering International, Inc. (NYSE:OII) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 83,626 shares of the oil and gas company’s stock, valued at approximately $2,080,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC boosted its holdings in Oceaneering International by 23.1% in the 3rd quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock valued at $2,487,000 after purchasing an additional 18,760 shares during the last quarter. Earnest Partners LLC raised its position in shares of Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after buying an additional 1,105,263 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after buying an additional 24,283 shares during the period. Fisher Asset Management LLC grew its position in Oceaneering International by 32.3% in the third quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company’s stock worth $3,292,000 after acquiring an additional 32,297 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Oceaneering International by 12.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock worth $45,730,000 after acquiring an additional 206,458 shares during the period. Hedge funds and other 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 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 value of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

Oceaneering International Trading Up 0.6 %

Shares of NYSE OII opened at $29.98 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $3.03 billion, a PE ratio of 22.71 and a beta of 2.35. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.65. The stock has a fifty day simple moving average of $26.39 and a 200-day simple moving average of $25.25.

Oceaneering International (NYSE:OII) last released its earnings results 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). The firm had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays lowered their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st.

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.