Oceaneering International, Inc. (NYSE:OII) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,800 shares of the oil and gas company’s stock after acquiring an additional 30,300 shares during the quarter. Gamco Investors INC. ET AL owned about 0.46% of Oceaneering International worth $8,617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd boosted its position in Oceaneering International by 250.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 2,003 shares during the period. Jefferies Financial Group Inc. acquired a new position in Oceaneering International during the 4th quarter worth $31,000. Chilton Capital Management LLC acquired a new position in Oceaneering International during the 1st quarter worth $35,000. Advisor Group Holdings Inc. boosted its position in Oceaneering International by 111.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 1,635 shares during the period. Finally, Royal Bank of Canada boosted its position in Oceaneering International by 81.1% during the 3rd quarter. Royal Bank of Canada now owns 15,656 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 7,012 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

Oceaneering International Stock Performance

OII opened at $21.04 on Tuesday. Oceaneering International, Inc. has a 1-year low of $13.38 and a 1-year high of $27.46. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 28.05 and a beta of 2.72. The business has a 50 day moving average price of $23.82 and a two-hundred day moving average price of $21.28. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.82 and a quick ratio of 1.56.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 25th. The oil and gas company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. Oceaneering International had a net margin of 3.30% and a return on equity of 12.30%. The business had revenue of $635.18 million during the quarter, compared to analyst estimates of $635.53 million. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. Research analysts predict that Oceaneering International, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity at Oceaneering International

In other Oceaneering International news, SVP Shaun Roedel sold 2,122 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $26.85, for a total transaction of $56,975.70. Following the completion of the sale, the senior vice president now directly owns 51,429 shares of the company’s stock, valued at $1,380,868.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Oceaneering International news, SVP Shaun Roedel sold 2,122 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $26.85, for a total transaction of $56,975.70. Following the completion of the sale, the senior vice president now directly owns 51,429 shares of the company’s stock, valued at $1,380,868.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Earl Childress sold 14,600 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $26.01, for a total transaction of $379,746.00. Following the sale, the senior vice president now directly owns 64,791 shares of the company’s stock, valued at $1,685,213.91. The disclosure for this sale can be found here. Insiders sold a total of 47,733 shares of company stock valued at $1,257,893 over the last ninety days. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

OII has been the subject of a number of analyst reports. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays upped their target price on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Citigroup upped their target price on Oceaneering International from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, September 25th.

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. 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.