Oceaneering International, Inc. (NYSE:OII) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Oceaneering International, Inc. (NYSE:OII) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,705,341 shares of the oil and gas company’s stock after purchasing an additional 43,941 shares during the period. Dimensional Fund Advisors LP owned about 2.67% of Oceaneering International worth $64,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of OII. Ashton Thomas Private Wealth LLC purchased a new position in Oceaneering International in the 2nd quarter valued at $38,000. Neo Ivy Capital Management purchased a new position in Oceaneering International in the fourth quarter worth approximately $44,000. Pineridge Advisors LLC purchased a new position in Oceaneering International in the fourth quarter valued at $44,000. EntryPoint Capital LLC increased its stake 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 valued at $51,000 after purchasing an additional 1,124 shares during the last quarter. Finally, CWM LLC lifted 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 valued at $62,000 after acquiring an additional 2,034 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Transactions at Oceaneering International

In related news, 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 transaction of $252,711.00. Following the sale, the director now directly 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 accessible through this hyperlink. In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the transaction, the senior vice president now owns 57,351 shares of the company’s stock, valued at $1,473,920.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction 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 sale, the director now directly owns 141,837 shares in the company, valued at $3,704,782.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,975 shares of company stock valued at $585,413. 2.30% of the stock is currently owned by corporate insiders.

Oceaneering International Price Performance

OII opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. The stock has a market capitalization of $2.51 billion, a PE ratio of 23.38 and a beta of 2.35. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.45. The company’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $24.22.

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). Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The company had revenue of $668.81 million during the quarter, compared to analyst estimates of $656.87 million. During the same quarter last year, the business posted $0.18 EPS. Oceaneering International’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts expect that Oceaneering International, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Barclays lifted their price objective on Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Finally, Benchmark reissued a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Thursday, July 25th.

Oceaneering International 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.