Keating Investment Counselors Inc. Sells 27,050 Shares of Oceaneering International, Inc. $OII

Keating Investment Counselors Inc. lessened its holdings in Oceaneering International, Inc. (NYSE:OII) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 357,973 shares of the oil and gas company’s stock after selling 27,050 shares during the period. Oceaneering International comprises 2.5% of Keating Investment Counselors Inc.’s holdings, making the stock its 6th biggest holding. Keating Investment Counselors Inc. owned approximately 0.36% of Oceaneering International worth $8,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Advisory Inc. boosted its stake in shares of Oceaneering International by 12.2% in the 2nd quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock valued at $152,202,000 after purchasing an additional 799,718 shares in the last quarter. American Century Companies Inc. lifted its stake in Oceaneering International by 8.2% in the 2nd quarter. American Century Companies Inc. now owns 3,370,206 shares of the oil and gas company’s stock valued at $69,831,000 after purchasing an additional 256,628 shares during the last quarter. Greenhouse Funds LLLP boosted its position in Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after buying an additional 223,724 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Oceaneering International by 916.6% during the second 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 during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Oceaneering International by 14.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,301,792 shares of the oil and gas company’s stock worth $32,258,000 after buying an additional 167,548 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 2.2%

Shares of OII stock opened at $26.88 on Wednesday. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $27.70. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 11.74 and a beta of 1.24. The stock has a 50-day moving average of $24.81 and a 200-day moving average of $23.68.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.42 by $0.13. The business had revenue of $742.90 million for the quarter, compared to analysts’ expectations of $709.48 million. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OII shares. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. TD Cowen upped their target price on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. Finally, Barclays upped their price objective on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insider Activity at Oceaneering International

In other news, SVP Jennifer Fremont Simons sold 29,155 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.35, for a total value of $768,234.25. Following the sale, the senior vice president directly owned 52,344 shares of the company’s stock, valued at approximately $1,379,264.40. This represents a 35.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.