44,200 Shares in Oceaneering International, Inc. $OII Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Oceaneering International, Inc. (NYSE:OII) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 44,200 shares of the oil and gas company’s stock, valued at approximately $1,568,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oceaneering International during the 3rd quarter worth approximately $28,000. Quarry LP bought a new stake in Oceaneering International during the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Oceaneering International by 335.6% during the 2nd 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. Hantz Financial Services Inc. boosted its stake in Oceaneering International by 248.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 1,627 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Oceaneering International by 33.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 747 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Transactions at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Oceaneering International Stock Performance

Shares of Oceaneering International stock opened at $39.42 on Thursday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 11.70 and a beta of 1.15. Oceaneering International, Inc. has a twelve month low of $20.21 and a twelve month high of $41.15. The company’s fifty day moving average is $38.07 and its 200 day moving average is $33.89. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44.

Oceaneering International (NYSE:OII) last announced its 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 company had revenue of $692.43 million during 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 business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Sell-side analysts forecast that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on OII. Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Barclays raised 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. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. TD Cowen increased their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Finally, Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Oceaneering International presently has an average rating of “Hold” and a consensus 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.