Oceaneering International, Inc. $OII Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in Oceaneering International, Inc. (NYSE:OII) by 48.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,361 shares of the oil and gas company’s stock after purchasing an additional 22,374 shares during the period. Legato Capital Management LLC owned approximately 0.07% of Oceaneering International worth $1,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Oceaneering International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after acquiring an additional 187,707 shares in the last quarter. American Century Companies Inc. grew its holdings in Oceaneering International by 8.1% during the 3rd quarter. American Century Companies Inc. now owns 3,642,873 shares of the oil and gas company’s stock worth $90,270,000 after acquiring an additional 272,667 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Oceaneering International by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,285,951 shares of the oil and gas company’s stock worth $81,429,000 after acquiring an additional 98,333 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Oceaneering International by 916.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock worth $28,219,000 after acquiring an additional 1,227,950 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Oceaneering International by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,329,295 shares of the oil and gas company’s stock worth $32,940,000 after acquiring an additional 85,159 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insiders Place Their Bets

In other news, COO Benjamin Laura sold 33,176 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $37.51, for a total value of $1,244,431.76. Following the completion of the transaction, the chief operating officer owned 45,911 shares in the company, valued at approximately $1,722,121.61. This represents a 41.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Holly Kriendler sold 19,007 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $37.73, for a total transaction of $717,134.11. Following the completion of the sale, the senior vice president owned 30,500 shares of the company’s stock, valued at approximately $1,150,765. This trade represents a 38.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 116,689 shares of company stock worth $4,395,710. 1.30% of the stock is currently owned by company insiders.

Oceaneering International Trading Up 0.8%

Shares of Oceaneering International stock opened at $38.79 on Friday. The company has a fifty day simple moving average of $36.69 and a 200-day simple moving average of $31.14. Oceaneering International, Inc. has a 12-month low of $18.46 and a 12-month high of $40.12. 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 stock has a market cap of $3.87 billion, a price-to-earnings ratio of 11.51 and a beta of 1.17.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Zacks Research cut shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. TD Cowen boosted their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Citigroup boosted their price target on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.67.

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.