Oceaneering International, Inc. (NYSE:OII) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,271 shares of the oil and gas company’s stock after buying an additional 578 shares during the quarter. Captrust Financial Advisors’ holdings in Oceaneering International were worth $380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Isthmus Partners LLC lifted its position in Oceaneering International by 0.9% during the 2nd quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 968 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Oceaneering International during the second quarter worth approximately $38,000. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 1,905 shares during the last quarter. CWM LLC lifted its holdings in shares of Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,034 shares during the period. Finally, GAMMA Investing LLC grew its position in Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,412 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on OII. Barclays reduced 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 reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th.

Oceaneering International Price Performance

Shares of NYSE OII opened at $25.87 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International, Inc. has a one year low of $18.95 and a one year high of $30.98. The firm has a market capitalization of $2.61 billion, a P/E ratio of 19.60 and a beta of 2.39. The company’s fifty day moving average is $26.85 and its two-hundred day moving average is $25.54.

Oceaneering International (NYSE:OII) last issued its earnings results 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). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The company had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

About Oceaneering International

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.