Oppenheimer Asset Management Inc. Decreases Stock Holdings in Oceaneering International, Inc. $OII

Oppenheimer Asset Management Inc. decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,398 shares of the oil and gas company’s stock after selling 2,741 shares during the period. Oppenheimer Asset Management Inc. owned about 0.07% of Oceaneering International worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OII. GAMMA Investing LLC raised its stake 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 valued at $68,000 after buying an additional 711 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock worth $209,000 after buying an additional 840 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Oceaneering International by 8.5% in the first quarter. Foundry Partners LLC now owns 13,918 shares of the oil and gas company’s stock worth $304,000 after acquiring an additional 1,096 shares during the period. Inspire Investing LLC grew its holdings in shares of Oceaneering International by 7.2% in the first quarter. Inspire Investing LLC now owns 18,352 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 1,240 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Oceaneering International by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock valued at $242,000 after acquiring an additional 1,256 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $22.98 on Friday. The company has a market capitalization of $2.29 billion, a P/E ratio of 10.04 and a beta of 1.50. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The firm’s 50 day simple moving average is $24.06 and its two-hundred day simple moving average is $21.66. 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 (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) 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%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. Research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total transaction of $361,502.40. Following the sale, the chief financial officer directly owned 155,259 shares of the company’s stock, valued at $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OII. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Barclays boosted their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday. Citigroup increased their price target 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 reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

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.