Amalgamated Bank Lowers Holdings in Oceaneering International, Inc. (NYSE:OII)

Amalgamated Bank trimmed its position in Oceaneering International, Inc. (NYSE:OII) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,949 shares of the oil and gas company’s stock after selling 1,004 shares during the period. Amalgamated Bank’s holdings in Oceaneering International were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its position in Oceaneering International by 0.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 66,685 shares of the oil and gas company’s stock valued at $1,578,000 after buying an additional 450 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Oceaneering International by 0.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock valued at $2,957,000 after buying an additional 465 shares during the last quarter. Arizona State Retirement System grew its position in Oceaneering International by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 540 shares during the last quarter. Bleakley Financial Group LLC grew its position in Oceaneering International by 5.4% in the 1st quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 628 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in Oceaneering International by 5.2% in the 1st quarter. Shell Asset Management Co. now owns 15,086 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 749 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $25.70, for a total value of $257,000.00. Following the sale, the senior vice president now directly owns 57,351 shares in the company, valued at approximately $1,473,920.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were 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 approximately $3,704,782.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the sale, the senior vice president now owns 57,351 shares in the company, valued at $1,473,920.70. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $585,413 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OII. Barclays boosted their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Thursday, July 25th. Finally, Citigroup boosted their target price 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.

Oceaneering International Price Performance

Shares of NYSE OII opened at $24.78 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 23.38 and a beta of 2.35. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45. The company’s fifty day moving average is $26.03 and its two-hundred day moving average is $24.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72.

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

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.