Sei Investments Co. Has $9.96 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Sei Investments Co. lowered its stake in Oceaneering International, Inc. (NYSE:OII) by 3.9% during the second quarter, HoldingsChannel.com reports. The firm owned 420,877 shares of the oil and gas company’s stock after selling 17,203 shares during the period. Sei Investments Co.’s holdings in Oceaneering International were worth $9,958,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hennessy Advisors Inc. grew its stake in shares of Oceaneering International by 541.1% during the fourth quarter. Hennessy Advisors Inc. now owns 982,200 shares of the oil and gas company’s stock worth $20,901,000 after purchasing an additional 829,000 shares during the period. Norges Bank bought a new position in Oceaneering International during the fourth quarter worth about $15,161,000. Earnest Partners LLC grew its position in shares of Oceaneering International by 9.3% during the 1st quarter. Earnest Partners LLC now owns 5,259,951 shares of the oil and gas company’s stock worth $123,083,000 after buying an additional 445,419 shares during the period. Hawk Ridge Capital Management LP bought a new stake in shares of Oceaneering International in the 4th quarter valued at about $8,884,000. Finally, Janus Henderson Group PLC increased its stake in shares of Oceaneering International by 46.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock valued at $29,323,000 after acquiring an additional 398,209 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OII. Citigroup boosted their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Thursday, July 25th. Finally, Barclays raised their price objective on Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st.

Oceaneering International Stock Performance

Shares of OII stock opened at $24.78 on Friday. The company 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 52 week low of $18.67 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. The company’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $24.24.

Oceaneering International (NYSE:OII) last posted 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). The company had revenue of $668.81 million during the quarter, compared to the consensus estimate of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, analysts expect that Oceaneering International, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Transactions at Oceaneering International

In related 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 sale, the senior vice president now owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Earl Childress sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $585,413 over the last three months. 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.