State of New Jersey Common Pension Fund D Decreases Stock Position in Oceaneering International, Inc. (NYSE:OII)

State of New Jersey Common Pension Fund D lessened its stake in Oceaneering International, Inc. (NYSE:OII) by 37.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,549 shares of the oil and gas company’s stock after selling 47,704 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Oceaneering International were worth $1,882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OII. Isthmus Partners LLC raised its position in shares of Oceaneering International by 0.9% in the 2nd quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 968 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Oceaneering International in the 2nd quarter valued at approximately $38,000. Pineridge Advisors LLC acquired a new position in shares of Oceaneering International in the 4th quarter valued at approximately $44,000. Neo Ivy Capital Management acquired a new position in shares of Oceaneering International in the 4th quarter valued at approximately $44,000. Finally, EntryPoint Capital LLC raised its position in shares of Oceaneering International by 105.2% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OII. Citigroup upped their target price on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. 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. Finally, Barclays upped their price target on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st.

Oceaneering International Trading Up 0.6 %

Shares of NYSE OII opened at $26.02 on Monday. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45. The firm has a market capitalization of $2.64 billion, a PE ratio of 24.55 and a beta of 2.35. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $24.10.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The firm had revenue of $668.81 million for the quarter, compared to analyst estimates of $656.87 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Oceaneering International, Inc. will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction that occurred 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 directly owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the sale, the senior vice president now directly owns 57,351 shares in the company, valued at $1,473,920.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now owns 28,229 shares in the company, valued at $647,573.26. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $585,413 in the last three months. Company insiders own 2.30% of the company’s stock.

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.