Oceaneering International, Inc. $OII Stake Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 393.6% during the first quarter, Holdings Channel reports. The firm owned 217,255 shares of the oil and gas company’s stock after buying an additional 173,237 shares during the period. Janus Henderson Group PLC’s holdings in Oceaneering International were worth $7,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OII. Lido Advisors LLC increased its position in Oceaneering International by 2.8% in the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after buying an additional 335 shares during the period. State of Alaska Department of Revenue grew its position in shares of Oceaneering International by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock worth $1,307,000 after acquiring an additional 380 shares during the last quarter. CSM Advisors LLC increased its holdings in shares of Oceaneering International by 3.1% in the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after acquiring an additional 428 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Oceaneering International by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 545 shares during the period. Finally, State of Wyoming lifted its position in Oceaneering International by 5.8% in the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 621 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OII has been the subject of a number of analyst reports. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Barclays boosted their price objective on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. TD Cowen increased their price objective on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Citigroup lifted their target price on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

Oceaneering International Price Performance

NYSE OII opened at $48.29 on Thursday. Oceaneering International, Inc. has a 12 month low of $21.03 and a 12 month high of $53.98. The firm has a market capitalization of $4.81 billion, a PE ratio of 13.88 and a beta of 1.15. The company’s 50 day simple moving average is $41.45 and its 200 day simple moving average is $37.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90.

Insider Transactions at Oceaneering International

In related news, Director M Kevin Mcevoy sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the transaction, the director owned 134,133 shares of the company’s stock, valued at $6,427,653.36. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher J. Dyer sold 1,200 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.65, for a total value of $57,180.00. Following the transaction, the senior vice president directly owned 14,702 shares of the company’s stock, valued at $700,550.30. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,901 shares of company stock worth $985,554. Corporate insiders own 1.30% of the company’s stock.

About Oceaneering International

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.