Mutual of America Capital Management LLC Decreases Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Mutual of America Capital Management LLC cut its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,264 shares of the oil and gas company’s stock after selling 1,401 shares during the period. Mutual of America Capital Management LLC’s holdings in Oceaneering International were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of OII. O Shaughnessy Asset Management LLC boosted its position in shares of Oceaneering International by 25.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock valued at $298,000 after buying an additional 2,559 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Oceaneering International by 2.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 87,949 shares of the oil and gas company’s stock valued at $2,056,000 after acquiring an additional 1,898 shares during the period. Janus Henderson Group PLC grew its position in Oceaneering International by 46.6% in the 1st 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 acquiring an additional 398,209 shares during the last quarter. Comerica Bank increased its stake in Oceaneering International by 27.5% in the first quarter. Comerica Bank now owns 59,961 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 12,948 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Oceaneering International during the second quarter worth $273,000. 93.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OII. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays dropped 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.

Oceaneering International Trading Up 1.7 %

Oceaneering International stock opened at $29.79 on Thursday. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.65. The stock has a 50-day moving average price of $26.14 and a 200 day moving average price of $25.13. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 22.57 and a beta of 2.35.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.39 EPS for the current 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.