Vanguard Personalized Indexing Management LLC Raises Stock Position in Oceaneering International, Inc. (NYSE:OII)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the oil and gas company’s stock after buying an additional 1,013 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Oceaneering International were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in Oceaneering International in the 4th quarter valued at $15,161,000. Seven Eight Capital LP acquired a new position in Oceaneering International in the 4th quarter valued at about $409,000. Appian Way Asset Management LP purchased a new position in shares of Oceaneering International during the fourth quarter valued at approximately $1,620,000. Hawk Ridge Capital Management LP purchased a new position in shares of Oceaneering International during the 4th quarter worth $8,884,000. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Oceaneering International by 3.4% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 358,727 shares of the oil and gas company’s stock worth $7,634,000 after buying an additional 11,705 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction dated Tuesday, September 10th. The stock was 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 of the company’s stock, valued at $647,573.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares in the company, valued at approximately $647,573.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the transaction, the director now directly owns 141,837 shares in the company, valued at approximately $3,704,782.44. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock worth $585,413 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup lifted 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. Benchmark reissued a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Thursday, July 25th. Finally, Barclays increased their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $24.78 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $26.03 and its two-hundred day moving average is $24.27. The firm has a market capitalization of $2.51 billion, a P/E ratio of 23.38 and a beta of 2.35. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.45.

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