9,592 Shares in Oceaneering International, Inc. (NYSE:OII) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,592 shares of the oil and gas company’s stock, valued at approximately $239,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Oceaneering International by 46.6% in the first 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 buying an additional 398,209 shares during the last quarter. Earnest Partners LLC increased its holdings 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 worth $150,601,000 after acquiring an additional 1,105,263 shares during the period. Envestnet Asset Management Inc. lifted its position in Oceaneering International by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after purchasing an additional 24,283 shares during the last quarter. Rhumbline Advisers boosted its stake in Oceaneering International by 10.5% during the 2nd quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company’s stock valued at $6,759,000 after purchasing an additional 27,177 shares during the period. Finally, Intech Investment Management LLC bought a new position in Oceaneering International in the 2nd quarter worth about $515,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OII has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Barclays lowered their target price on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, October 31st.

Oceaneering International Trading Down 2.7 %

Shares of NYSE:OII opened at $26.81 on Friday. The company has a 50 day moving average of $25.40 and a 200-day moving average of $24.84. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.71 billion, a P/E ratio of 20.31 and a beta of 2.35. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.45.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share 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 firm had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. During the same quarter last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts anticipate that Oceaneering International, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the sale, the director now directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. This represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International 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 transaction, the director now directly owns 141,837 shares in the company, valued at $3,704,782.44. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. 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.