Jupiter Topco LLC Buys Shares of 156,318 Oceaneering International, Inc. $OII

Jupiter Topco LLC purchased a new stake in Oceaneering International, Inc. (NYSE:OII) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 156,318 shares of the oil and gas company’s stock, valued at approximately $6,333,000. Jupiter Topco LLC owned approximately 0.16% of Oceaneering International as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of OII. Lido Advisors LLC increased its holdings in Oceaneering International by 2.8% during the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 335 shares during the period. CSM Advisors LLC lifted its holdings in Oceaneering International by 3.1% during the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after buying an additional 428 shares during the period. NewEdge Advisors LLC boosted its position in Oceaneering International by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 545 shares in the last quarter. State of Wyoming boosted its position in Oceaneering International by 5.8% during the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 621 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Oceaneering International by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock valued at $1,934,000 after acquiring an additional 634 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings lowered Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Citigroup raised their price objective on Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Barclays increased their price target on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Insiders Place Their Bets

In other news, SVP Earl Childress sold 12,701 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the sale, the senior vice president owned 22,876 shares in the company, valued at approximately $1,068,537.96. The trade was a 35.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director M Kevin Mcevoy sold 3,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the transaction, the director owned 134,133 shares in the company, valued at approximately $6,427,653.36. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,901 shares of company stock valued at $1,277,904. 1.30% of the stock is owned by corporate insiders.

Oceaneering International Stock Performance

Shares of OII stock opened at $51.73 on Tuesday. The business’s fifty day simple moving average is $46.22 and its 200-day simple moving average is $40.02. The company has a market cap of $5.15 billion, a PE ratio of 14.86 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a 12-month low of $22.02 and a 12-month high of $54.25.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The firm had revenue of $768.18 million during the quarter, compared to analysts’ expectations of $735.69 million. During the same quarter last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Oceaneering International, Inc. will post 2.1 earnings per share for the current fiscal year.

Oceaneering International 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.