Oceaneering International, Inc. (NYSE:OII) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,156 shares of the oil and gas company’s stock after selling 22,722 shares during the quarter. Great Lakes Advisors LLC owned 0.15% of Oceaneering International worth $3,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Neo Ivy Capital Management purchased a new stake in Oceaneering International in the 4th quarter valued at approximately $44,000. Pineridge Advisors LLC purchased a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $44,000. EntryPoint Capital LLC raised its position in Oceaneering International by 105.2% in the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 1,124 shares in the last quarter. CWM LLC raised its position in Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,034 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Oceaneering International in the first quarter worth $105,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Down 0.7 %

NYSE:OII opened at $23.44 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $26.15 and a 200-day simple moving average of $23.89. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.45. The company has a market capitalization of $2.38 billion, a PE ratio of 22.11 and a beta of 2.35.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $668.81 million during the quarter, compared to analysts’ expectations of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. Oceaneering International’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OII has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Thursday, July 25th. Finally, Citigroup lifted their price target on shares of Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd.

Insiders Place Their Bets

In other news, Director M Kevin Mcevoy sold 9,675 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the transaction, the director now owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the sale, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director M Kevin Mcevoy sold 9,675 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.