Oceaneering International, Inc. (NYSE:OII) Stake Decreased by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Oceaneering International, Inc. (NYSE:OII) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,882 shares of the oil and gas company’s stock after selling 1,067 shares during the quarter. Amalgamated Bank’s holdings in Oceaneering International were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Oceaneering International by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after buying an additional 117,503 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after purchasing an additional 1,105,263 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Oceaneering International by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock valued at $64,003,000 after purchasing an additional 43,941 shares during the last quarter. American Century Companies Inc. lifted its position in Oceaneering International by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock worth $47,849,000 after acquiring an additional 239,701 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in Oceaneering International during the 3rd quarter worth $38,819,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on OII shares. Barclays lowered their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th.

Insider Activity at Oceaneering International

In related news, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the sale, the director now directly owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karen H. Beachy sold 3,300 shares of Oceaneering International 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 sale, the director now owns 28,229 shares in the company, valued at $647,573.26. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Oceaneering International Stock Down 2.7 %

Oceaneering International stock opened at $26.81 on Friday. The company has a fifty day simple moving average of $25.40 and a 200 day simple moving average of $24.83. Oceaneering International, Inc. has a 1-year low of $18.67 and a 1-year high of $30.45. The company has a market cap of $2.71 billion, a P/E ratio of 20.31 and a beta of 2.35. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $0.38 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Oceaneering International, Inc. will post 1.39 earnings per share 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.