Oceaneering International, Inc. $OII Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 54.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,947 shares of the oil and gas company’s stock after acquiring an additional 5,614 shares during the period. Bleakley Financial Group LLC’s holdings in Oceaneering International were worth $330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OII. GAMMA Investing LLC grew its holdings in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 711 shares in the last quarter. Diversified Trust Co acquired a new position in Oceaneering International during the 1st quarter worth approximately $299,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Oceaneering International by 62.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,675 shares of the oil and gas company’s stock worth $604,000 after acquiring an additional 10,628 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Oceaneering International by 49.8% during the 1st quarter. Teacher Retirement System of Texas now owns 30,508 shares of the oil and gas company’s stock worth $665,000 after acquiring an additional 10,148 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Oceaneering International by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 539,234 shares of the oil and gas company’s stock worth $11,761,000 after acquiring an additional 12,085 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OII. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday. Barclays boosted their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Citigroup boosted their price objective on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.67.

Oceaneering International Stock Down 0.6%

Shares of NYSE:OII opened at $23.67 on Monday. The stock has a market cap of $2.36 billion, a P/E ratio of 10.33 and a beta of 1.50. The firm has a fifty day moving average price of $24.02 and a 200 day moving average price of $21.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The firm had revenue of $742.90 million during the quarter, compared to analysts’ expectations of $709.48 million. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. Oceaneering International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. Sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Insider Buying and Selling

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total transaction of $361,502.40. Following the completion of the transaction, the chief financial officer owned 155,259 shares in the company, valued at approximately $3,782,109.24. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

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.