Swiss National Bank Raises Holdings in Oceaneering International, Inc. (NYSE:OII)

Swiss National Bank lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII – Get Rating) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 242,048 shares of the oil and gas company’s stock after acquiring an additional 6,000 shares during the period. Swiss National Bank’s holdings in Oceaneering International were worth $4,233,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OII. Vanguard Group Inc. lifted its holdings in shares of Oceaneering International by 1.3% during the first quarter. Vanguard Group Inc. now owns 11,391,486 shares of the oil and gas company’s stock worth $172,695,000 after purchasing an additional 151,313 shares during the period. State Street Corp lifted its holdings in shares of Oceaneering International by 3.5% during the third quarter. State Street Corp now owns 4,758,759 shares of the oil and gas company’s stock worth $37,880,000 after purchasing an additional 161,414 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Oceaneering International by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,600,960 shares of the oil and gas company’s stock worth $54,592,000 after purchasing an additional 189,991 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Oceaneering International by 293.1% during the third quarter. Brown Advisory Inc. now owns 3,277,079 shares of the oil and gas company’s stock worth $26,086,000 after purchasing an additional 2,443,386 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Oceaneering International by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,778,907 shares of the oil and gas company’s stock worth $26,968,000 after purchasing an additional 48,666 shares during the period. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Deanna L. Goodwin sold 48,303 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $16.57, for a total transaction of $800,380.71. Following the completion of the sale, the director now directly owns 19,899 shares in the company, valued at $329,726.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oceaneering International news, Director Deanna L. Goodwin sold 48,303 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $16.57, for a total value of $800,380.71. Following the completion of the sale, the director now directly owns 19,899 shares in the company, valued at approximately $329,726.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karen H. Beachy sold 9,500 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $17.58, for a total value of $167,010.00. Following the completion of the sale, the director now owns 30,386 shares of the company’s stock, valued at $534,185.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,054 shares of company stock worth $1,129,283. 2.30% of the stock is owned by corporate insiders.

Oceaneering International Trading Up 0.2 %

Shares of OII stock opened at $16.28 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.27 and a quick ratio of 1.93. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 33.22 and a beta of 2.82. The stock has a 50 day simple moving average of $17.18 and a 200-day simple moving average of $17.46. Oceaneering International, Inc. has a 1-year low of $7.25 and a 1-year high of $22.26.

Oceaneering International (NYSE:OII – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). Oceaneering International had a return on equity of 8.56% and a net margin of 2.28%. The firm had revenue of $536.99 million for the quarter, compared to analysts’ expectations of $515.62 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts expect that Oceaneering International, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OII. StockNews.com began coverage on Oceaneering International in a report on Thursday. They issued a “hold” rating for the company. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Oceaneering International in a report on Monday, February 27th. Finally, Barclays boosted their price target on Oceaneering International from $13.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, March 2nd.

Oceaneering International Company Profile

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Oceaneering International, Inc engages in the provision of engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech).