14,215 Shares in Oceaneering International, Inc. $OII Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of Oceaneering International, Inc. (NYSE:OII) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,215 shares of the oil and gas company’s stock, valued at approximately $504,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 187,707 shares in the last quarter. State Street Corp lifted its holdings in shares of Oceaneering International by 4.9% during 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 purchasing an additional 215,366 shares during the last quarter. Morgan Stanley Institutional Investment Advisors LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth approximately $94,847,000. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 191,117 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Oceaneering International by 2.3% in 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 buying an additional 51,871 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the company’s stock in a transaction dated 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 $15,203,867.33. This represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Oceaneering International Stock Performance

OII stock opened at $42.74 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. Oceaneering International, Inc. has a 1 year low of $20.21 and a 1 year high of $44.22. The company has a market cap of $4.26 billion, a P/E ratio of 12.68 and a beta of 1.15. The stock’s fifty day moving average price is $38.74 and its 200-day moving average price is $35.04.

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

Oceaneering International Company 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.