3,947,022 Shares in Oceaneering International, Inc. $OII Purchased by Morgan Stanley Institutional Investment Advisors LLC

Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the fourth quarter, HoldingsChannel reports. The fund acquired 3,947,022 shares of the oil and gas company’s stock, valued at approximately $94,847,000. Oceaneering International makes up approximately 10.0% of Morgan Stanley Institutional Investment Advisors LLC’s portfolio, making the stock its 4th largest position.

Other hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP purchased a new position in Oceaneering International in the 3rd quarter valued at approximately $409,000. Public Sector Pension Investment Board increased its stake in Oceaneering International by 14.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 390,866 shares of the oil and gas company’s stock valued at $9,686,000 after purchasing an additional 47,922 shares in the last quarter. Leuthold Group LLC purchased a new position in Oceaneering International in the 4th quarter valued at approximately $3,548,000. South Dakota Investment Council purchased a new position in Oceaneering International in the 3rd quarter valued at approximately $1,031,000. Finally, Vanguard Group Inc. increased its stake in Oceaneering International by 1.5% in the 4th 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. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

NYSE:OII opened at $39.34 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.92 billion, a P/E ratio of 11.67 and a beta of 1.16. Oceaneering International, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $40.21. The firm’s 50 day moving average is $37.75 and its two-hundred day moving average is $32.74.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OII. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. TD Cowen upped their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Citigroup upped their price target on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.67.

Insiders Place Their Bets

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the transaction, the chief executive officer owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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.