Great Lakes Advisors LLC Has $4.48 Million Holdings in Oceaneering International, Inc. (NYSE:OII)

Great Lakes Advisors LLC trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,376 shares of the oil and gas company’s stock after selling 42,952 shares during the period. Great Lakes Advisors LLC’s holdings in Oceaneering International were worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd raised its holdings in shares of Oceaneering International by 250.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 2,003 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $31,000. Chilton Capital Management LLC acquired a new position in shares of Oceaneering International during the 1st quarter worth approximately $35,000. Advisor Group Holdings Inc. lifted its holdings in Oceaneering International by 111.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Oceaneering International by 81.1% in the third quarter. Royal Bank of Canada now owns 15,656 shares of the oil and gas company’s stock valued at $125,000 after purchasing an additional 7,012 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Shaun Roedel sold 2,122 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $26.85, for a total transaction of $56,975.70. Following the transaction, the senior vice president now owns 51,429 shares in the company, valued at $1,380,868.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Shaun Roedel sold 2,122 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $26.85, for a total value of $56,975.70. Following the transaction, the senior vice president now directly owns 51,429 shares in the company, valued at approximately $1,380,868.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Alan R. Curtis sold 31,011 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $26.48, for a total transaction of $821,171.28. Following the sale, the chief financial officer now owns 161,277 shares of the company’s stock, valued at approximately $4,270,614.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,733 shares of company stock worth $1,257,893. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OII. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Citigroup boosted their price target on Oceaneering International from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Barclays upped their price objective on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd.

Oceaneering International Stock Up 0.6 %

Shares of NYSE OII opened at $21.04 on Tuesday. The company has a market capitalization of $2.12 billion, a P/E ratio of 28.05 and a beta of 2.72. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.82. Oceaneering International, Inc. has a 52-week low of $13.38 and a 52-week high of $27.46. The company’s 50 day moving average price is $23.82 and its 200-day moving average price is $21.28.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $635.18 million for the quarter, compared to analyst estimates of $635.53 million. Oceaneering International had a return on equity of 12.30% and a net margin of 3.30%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities analysts forecast that Oceaneering International, Inc. will post 0.94 earnings per share for the current 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. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.