Tibra Equities Europe Ltd Acquires New Holdings in Oceaneering International (NYSE:OII)

Tibra Equities Europe Ltd acquired a new stake in shares of Oceaneering International (NYSE:OII) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,300 shares of the oil and gas company’s stock, valued at approximately $356,000.

A number of other hedge funds also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its position in Oceaneering International by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 39,480 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 565 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Oceaneering International by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 60,644 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 740 shares in the last quarter. Arizona State Retirement System boosted its position in Oceaneering International by 1.2% during the second quarter. Arizona State Retirement System now owns 71,800 shares of the oil and gas company’s stock valued at $1,464,000 after purchasing an additional 828 shares in the last quarter. Bank of Montreal Can boosted its position in Oceaneering International by 2.1% during the second quarter. Bank of Montreal Can now owns 48,313 shares of the oil and gas company’s stock valued at $986,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Oceaneering International by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,381 shares of the oil and gas company’s stock valued at $354,000 after purchasing an additional 1,055 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors.

Oceaneering International stock traded down $0.14 during midday trading on Friday, reaching $14.29. The company’s stock had a trading volume of 1,007,661 shares, compared to its average volume of 1,293,626. The stock’s 50-day simple moving average is $13.77 and its 200-day simple moving average is $15.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.29 and a quick ratio of 2.01. Oceaneering International has a 52-week low of $10.74 and a 52-week high of $21.29. The stock has a market capitalization of $1.44 billion, a P/E ratio of -20.13 and a beta of 2.18.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). Oceaneering International had a negative net margin of 7.55% and a negative return on equity of 5.69%. The business had revenue of $497.65 million during the quarter, compared to analysts’ expectations of $527.81 million. During the same quarter last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Oceaneering International will post -1.01 earnings per share for the current fiscal year.

OII has been the subject of a number of research analyst reports. Citigroup decreased their price target on Oceaneering International from $22.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Royal Bank of Canada set a $20.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Oceaneering International presently has a consensus rating of “Hold” and an average target price of $18.20.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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