58,772 Shares in Oceaneering International, Inc. $OII Purchased by Dockside LLC

Dockside LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 58,772 shares of the oil and gas company’s stock, valued at approximately $1,412,000. Dockside LLC owned about 0.06% of Oceaneering International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OII. Wilmington Savings Fund Society FSB purchased a new position in shares of Oceaneering International during the third quarter worth about $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares during the last quarter. Quarry LP purchased a new position in shares of Oceaneering International during the third quarter worth about $30,000. Bessemer Group Inc. grew its holdings in shares of Oceaneering International by 47.5% during the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after buying an additional 629 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after buying an additional 1,627 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. TD Cowen raised their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Barclays lifted their price objective on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.67.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $39.34 on Friday. The business’s 50 day simple moving average is $37.75 and its 200-day simple moving average is $32.74. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. Oceaneering International, Inc. has a 12 month low of $20.21 and a 12 month high of $40.21.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.Oceaneering International’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. As a group, equities analysts forecast that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the sale, the chief executive officer owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.