Townsquare Capital LLC Takes Position in Oceaneering International, Inc. (NYSE:OII)

Townsquare Capital LLC acquired a new position in Oceaneering International, Inc. (NYSE:OII) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,626 shares of the oil and gas company’s stock, valued at approximately $2,080,000. Townsquare Capital LLC owned about 0.08% of Oceaneering International as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Oceaneering International in the second quarter valued at $38,000. Farther Finance Advisors LLC grew its holdings in Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,905 shares during the period. CWM LLC raised its position in Oceaneering International by 351.9% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 1,412 shares during the period. Finally, Central Pacific Bank Trust Division boosted its position in Oceaneering International by 34.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company’s stock worth $174,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OII shares. Barclays decreased their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Stock Up 0.6 %

Oceaneering International stock opened at $29.98 on Monday. Oceaneering International, Inc. has a 12 month low of $18.67 and a 12 month high of $30.65. The stock has a market capitalization of $3.03 billion, a PE ratio of 22.71 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The business has a 50 day simple moving average of $26.39 and a 200-day simple moving average of $25.25.

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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts anticipate that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Insider Activity

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the transaction, the director now owns 28,229 shares in the company, valued at approximately $647,573.26. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

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.