Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Oceaneering International, Inc. $OII

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Oceaneering International, Inc. (NYSE:OII) by 31.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,004 shares of the oil and gas company’s stock after purchasing an additional 20,815 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Oceaneering International worth $1,803,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OII. EFG Asset Management North America Corp. grew its position in Oceaneering International by 16.9% in the 2nd quarter. EFG Asset Management North America Corp. now owns 179,408 shares of the oil and gas company’s stock valued at $3,716,000 after buying an additional 25,937 shares during the last quarter. Corton Capital Inc. purchased a new position in Oceaneering International during the 2nd quarter worth $283,000. Jennison Associates LLC lifted its stake in shares of Oceaneering International by 24.2% in the 2nd quarter. Jennison Associates LLC now owns 71,342 shares of the oil and gas company’s stock worth $1,478,000 after acquiring an additional 13,879 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Oceaneering International by 36.4% in 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 acquiring an additional 11,103 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Oceaneering International by 13.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 99,181 shares of the oil and gas company’s stock valued at $2,055,000 after acquiring an additional 11,607 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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 on 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 in the company, valued at approximately $3,782,109.24. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OII shares. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup lifted their price objective on Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research note on Tuesday. Barclays raised their price target on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Finally, Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Oceaneering International presently has an average rating of “Hold” and an average price target of $25.00.

Oceaneering International Trading Down 0.5%

Shares of Oceaneering International stock opened at $23.23 on Friday. The company has a 50-day moving average of $23.86 and a two-hundred day moving average of $22.06. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.32 billion, a PE ratio of 10.14 and a beta of 1.55.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS 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 analyst estimates of $709.48 million. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal 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. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.