Strs Ohio Has $787,000 Holdings in Oceaneering International, Inc. $OII

Strs Ohio grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 22,100.0% in the 1st quarter, Holdings Channel reports. The firm owned 22,200 shares of the oil and gas company’s stock after acquiring an additional 22,100 shares during the quarter. Strs Ohio’s holdings in Oceaneering International were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in Oceaneering International during the fourth quarter worth approximately $94,847,000. Balyasny Asset Management L.P. boosted its holdings in shares of 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 buying an additional 1,227,950 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Oceaneering International by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 763,907 shares of the oil and gas company’s stock worth $18,930,000 after buying an additional 371,586 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Oceaneering International by 210.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock valued at $12,190,000 after acquiring an additional 333,666 shares in the last quarter. Finally, Old West Investment Management LLC increased its stake in shares of Oceaneering International by 128.2% in the 4th quarter. Old West Investment Management LLC now owns 543,271 shares of the oil and gas company’s stock valued at $13,055,000 after acquiring an additional 305,168 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII stock opened at $41.25 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. The firm has a 50-day moving average of $38.21 and a 200-day moving average of $34.40. Oceaneering International, Inc. has a one year low of $20.21 and a one year high of $41.49. The company has a market cap of $4.11 billion, a P/E ratio of 12.24 and a beta of 1.15.

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

Insider Buying and Selling 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 value of $191,350.00. Following the transaction, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on OII. TD Cowen increased their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Barclays increased their price objective on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. 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, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.33.

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.