Oceaneering International, Inc. $OII Stock Position Increased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its position in Oceaneering International, Inc. (NYSE:OII) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,408 shares of the oil and gas company’s stock after purchasing an additional 25,937 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Oceaneering International were worth $3,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Corton Capital Inc. bought a new stake in shares of Oceaneering International during the 2nd quarter worth about $283,000. Jennison Associates LLC raised its position in shares of Oceaneering International by 24.2% during the 2nd quarter. Jennison Associates LLC now owns 71,342 shares of the oil and gas company’s stock worth $1,478,000 after buying an additional 13,879 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Oceaneering International by 36.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 41,611 shares of the oil and gas company’s stock worth $862,000 after buying an additional 11,103 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Oceaneering International by 13.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 99,181 shares of the oil and gas company’s stock worth $2,055,000 after buying an additional 11,607 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Oceaneering International by 29.0% during the 2nd quarter. AlphaQuest LLC now owns 84,475 shares of the oil and gas company’s stock worth $1,750,000 after buying an additional 19,009 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

Oceaneering International stock opened at $22.88 on Wednesday. The firm’s 50 day simple moving average is $24.03 and its 200-day simple moving average is $21.85. The company has a market cap of $2.28 billion, a P/E ratio of 9.99 and a beta of 1.50. 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 fifty-two week low of $15.46 and a fifty-two week high of $30.98.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on OII shares. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Citigroup boosted their target price on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Barclays boosted their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. TD Cowen boosted their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

Insider Buying and Selling

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the sale, the chief financial officer directly owned 155,259 shares of the company’s stock, valued at $3,782,109.24. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.