16,231 Shares in Oceaneering International, Inc. $OII Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,231 shares of the oil and gas company’s stock, valued at approximately $658,000.

Other large investors have also added to or reduced their stakes in the company. Lido Advisors LLC boosted its position in shares of Oceaneering International by 2.8% in the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 335 shares during the period. CSM Advisors LLC raised its position in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 428 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 purchasing an additional 545 shares during the period. State of Wyoming lifted its stake in shares of 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 buying an additional 621 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Oceaneering International by 0.7% during 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 buying an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen increased their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Barclays boosted their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Citigroup upped their price objective on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Oceaneering International has an average rating of “Hold” and an average price target of $45.00.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, SVP Earl Childress sold 12,701 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the transaction, the senior vice president owned 22,876 shares in the company, valued at $1,068,537.96. This trade represents a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of Oceaneering International stock in a transaction on 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 transaction, the director directly owned 68,916 shares of the company’s stock, valued at $3,333,466.92. The trade was a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,901 shares of company stock worth $1,277,904 over the last three months. 1.30% of the stock is owned by company insiders.

Oceaneering International Stock Up 0.0%

Shares of OII opened at $53.01 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.23 and a beta of 1.15. Oceaneering International, Inc. has a 1 year low of $22.02 and a 1 year high of $54.25. The business’s 50 day simple moving average is $44.53 and its 200-day simple moving average is $39.23.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The firm had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. During the same period last year, the firm posted $0.49 earnings per share. Oceaneering International’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities 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.