16,991 Oceaneering International, Inc. $OII Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in Oceaneering International, Inc. (NYSE:OII) by 46.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,512 shares of the oil and gas company’s stock after selling 16,991 shares during the period. State of Alaska Department of Revenue’s holdings in Oceaneering International were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OII. GAMMA Investing LLC boosted its holdings in shares of Oceaneering International by 18.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,081 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 957 shares during the last quarter. Veracity Capital LLC purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $578,000. QRG Capital Management Inc. lifted its position in Oceaneering International by 12.9% during the second quarter. QRG Capital Management Inc. now owns 24,006 shares of the oil and gas company’s stock valued at $973,000 after purchasing an additional 2,743 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Oceaneering International in the second quarter worth approximately $224,000. Finally, Tidal Investments LLC boosted its holdings in Oceaneering International by 8.4% in the second quarter. Tidal Investments LLC now owns 30,209 shares of the oil and gas company’s stock worth $1,224,000 after purchasing an additional 2,341 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

OII has been the topic of several research reports. Citigroup raised their target price on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Weiss Ratings lowered shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Barclays upped their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Oceaneering International Stock Down 0.4%

OII stock opened at $43.91 on Thursday. The business’s 50-day moving average price is $47.89 and its 200-day moving average price is $42.99. The stock has a market cap of $4.37 billion, a P/E ratio of 12.62 and a beta of 1.25. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a twelve month low of $22.13 and a twelve month high of $54.25.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 21st. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The firm had revenue of $784.55 million for the quarter, compared to the consensus estimate of $775.93 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that Oceaneering International, Inc. will post 2.10 EPS for the current year.

Insider Transactions at Oceaneering International

In related news, Director Paul Murphy, Jr. sold 10,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the completion of the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. This trade represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director M. McEvoy sold 3,000 shares of Oceaneering International stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total value of $143,760.00. Following the sale, the director directly owned 134,133 shares in the company, valued at $6,427,653.36. This trade represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,901 shares of company stock valued at $1,542,864. 1.30% of the stock is owned by corporate insiders.

About Oceaneering International

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.