EP Wealth Advisors LLC Buys New Shares in Oceaneering International, Inc. (NYSE:OII)

EP Wealth Advisors LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the third quarter, HoldingsChannel.com reports. The fund purchased 15,896 shares of the oil and gas company’s stock, valued at approximately $395,000.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Oceaneering International in the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC lifted its position in Oceaneering International by 3,594.3% during 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 buying an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in Oceaneering International during the third quarter worth approximately $57,000. CWM LLC grew its stake in Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,034 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 1,412 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of OII stock opened at $26.13 on Friday. The firm has a fifty day simple moving average of $26.87 and a 200-day simple moving average of $25.52. The company has a market capitalization of $2.64 billion, a PE ratio of 19.79 and a beta of 2.39. Oceaneering International, Inc. has a twelve month low of $18.82 and a twelve month high of $30.98. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Barclays decreased their target price on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research report 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.