Texas Permanent School Fund Has $774,000 Stock Position in Oceaneering International, Inc. (NYSE:OII)

Texas Permanent School Fund lifted its position in shares of Oceaneering International, Inc. (NYSE:OIIGet Rating) by 2.4% in the second quarter, Holdings Channel reports. The institutional investor owned 72,461 shares of the oil and gas company’s stock after acquiring an additional 1,708 shares during the period. Texas Permanent School Fund’s holdings in Oceaneering International were worth $774,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC bought a new position in shares of Oceaneering International in the first quarter worth $44,000. Advisor Group Holdings Inc. increased its position in shares of Oceaneering International by 111.6% in the first quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 1,635 shares during the period. Aaron Wealth Advisors LLC bought a new position in shares of Oceaneering International in the first quarter worth $427,000. KBC Group NV bought a new position in shares of Oceaneering International in the second quarter worth $93,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Oceaneering International in the first quarter worth $161,000. Institutional investors and hedge funds own 91.67% of the company’s stock.

Oceaneering International Stock Performance

Oceaneering International stock opened at $15.06 on Monday. The stock has a market cap of $1.51 billion, a PE ratio of -41.83 and a beta of 2.92. The company has a quick ratio of 2.04, a current ratio of 2.37 and a debt-to-equity ratio of 1.47. The business’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $10.56. Oceaneering International, Inc. has a 12-month low of $7.25 and a 12-month high of $18.20.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. Barclays cut Oceaneering International from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $15.00 to $10.00 in a research report on Thursday, October 6th. Citigroup decreased their target price on Oceaneering International from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Cowen decreased their target price on Oceaneering International to $13.00 in a research report on Tuesday, August 9th. Finally, Piper Sandler lifted their target price on Oceaneering International to $17.00 in a research report on Tuesday, November 1st.

Insider Transactions at Oceaneering International

In other news, Director Steven A. Webster purchased 10,731 shares of Oceaneering International stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of $7.77 per share, for a total transaction of $83,379.87. Following the completion of the acquisition, the director now owns 134,939 shares in the company, valued at approximately $1,048,476.03. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Steven A. Webster purchased 10,731 shares of Oceaneering International stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of $7.77 per share, for a total transaction of $83,379.87. Following the completion of the acquisition, the director now owns 134,939 shares in the company, valued at approximately $1,048,476.03. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Earl Childress purchased 10,000 shares of Oceaneering International stock in a transaction dated Thursday, September 29th. The shares were purchased at an average price of $7.92 per share, for a total transaction of $79,200.00. Following the completion of the acquisition, the vice president now owns 80,485 shares of the company’s stock, valued at approximately $637,441.20. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 48,331 shares of company stock worth $374,142. Insiders own 2.01% of the company’s stock.

Oceaneering International Profile

(Get Rating)

Oceaneering International, Inc provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.

Featured Articles

Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International, Inc. (NYSE:OIIGet Rating).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.