Jennison Associates LLC Decreases Stock Position in Oceaneering International, Inc. $OII

Jennison Associates LLC cut its stake in Oceaneering International, Inc. (NYSE:OII) by 31.7% in the first quarter, Holdings Channel reports. The institutional investor owned 60,012 shares of the oil and gas company’s stock after selling 27,898 shares during the period. Jennison Associates LLC’s holdings in Oceaneering International were worth $2,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OII. Vanguard Group Inc. increased its position in Oceaneering International by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock valued at $297,279,000 after acquiring an additional 187,707 shares during the last quarter. State Street Corp raised its stake in shares of Oceaneering International by 4.9% in the fourth quarter. State Street Corp now owns 4,647,252 shares of the oil and gas company’s stock valued at $111,673,000 after acquiring an additional 215,366 shares during the period. Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in shares of Oceaneering International in the fourth quarter valued at $94,847,000. Dimensional Fund Advisors LP lifted its holdings in shares of Oceaneering International by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,477,068 shares of the oil and gas company’s stock worth $83,556,000 after acquiring an additional 191,117 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Oceaneering International by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,304,738 shares of the oil and gas company’s stock worth $55,396,000 after purchasing an additional 51,871 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 0.8%

Shares of OII opened at $45.00 on Thursday. The firm has a fifty day moving average price of $39.32 and a 200-day moving average price of $35.72. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.49 billion, a P/E ratio of 13.35 and a beta of 1.15. Oceaneering International, Inc. has a 12-month low of $20.79 and a 12-month high of $45.91.

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

Key Stories Impacting Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above Wall Street estimates, signaling healthy demand across its business. Oceaneering Reports Second Quarter 2026 Results
• Positive Sentiment: Diluted EPS came in at $0.65, well ahead of the $0.46 consensus estimate, while net income rose 16.8% to $63.6 million, reinforcing the earnings beat. Oceaneering reports bullish Q2 CY2026
• Positive Sentiment: Management also appears to have improved profitability, with gross profit and operating profit both increasing, which suggests stronger margins rather than just top-line growth. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Cash and cash equivalents increased to $607.5 million, giving the company a solid liquidity position, while debt levels remained manageable overall. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Analyst sentiment remains cautious overall, with a consensus rating of “Hold” and recent price targets clustered below the current share price. Oceaneering International, Inc. Receives Consensus Rating of Hold from Analysts
• Negative Sentiment: Recent insider trading has skewed toward sales rather than purchases, which may temper some of the optimism around the earnings beat. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings

Insider Activity at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

OII has been the topic of several analyst reports. Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Citigroup boosted their target price on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Finally, TD Cowen upped their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Oceaneering International 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.