Intech Investment Management LLC Has $674,000 Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Intech Investment Management LLC raised its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 24.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,084 shares of the oil and gas company’s stock after buying an additional 5,332 shares during the period. Intech Investment Management LLC’s holdings in Oceaneering International were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Earnest Partners LLC raised its position in Oceaneering International by 21.0% during the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after acquiring an additional 1,105,263 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock worth $6,314,000 after purchasing an additional 24,283 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Oceaneering International by 10.5% during the 2nd quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company’s stock worth $6,759,000 after purchasing an additional 27,177 shares during the last quarter. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Oceaneering International by 18.6% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 447,887 shares of the oil and gas company’s stock valued at $10,597,000 after purchasing an additional 70,300 shares in the last quarter. Finally, EFG Asset Management North America Corp. acquired a new stake in shares of Oceaneering International in the 2nd quarter valued at $1,555,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

Shares of OII opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.65. The company’s fifty day moving average price is $26.39 and its 200 day moving average price is $25.24. The company has a market capitalization of $3.03 billion, a PE ratio of 22.71 and a beta of 2.35.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). The business had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. Oceaneering International’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. As a group, analysts expect that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OII shares. Benchmark reissued a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th. Barclays lowered their price objective on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st.

Insider Transactions at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the sale, the director now directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently 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.