Pathstone Holdings LLC Has $1.50 Million Holdings in Oceaneering International, Inc. (NYSE:OII)

Pathstone Holdings LLC lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 18.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 60,417 shares of the oil and gas company’s stock after acquiring an additional 9,316 shares during the period. Pathstone Holdings LLC’s holdings in Oceaneering International were worth $1,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Earnest Partners LLC grew its holdings in Oceaneering International by 21.0% during 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. Dimensional Fund Advisors LP grew its stake in shares of Oceaneering International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock worth $64,003,000 after purchasing an additional 43,941 shares during the period. American Century Companies Inc. increased its holdings in Oceaneering International by 13.4% in the second quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock valued at $47,849,000 after purchasing an additional 239,701 shares during the last quarter. Congress Asset Management Co. bought a new position in Oceaneering International during the third quarter worth about $38,819,000. Finally, Victory Capital Management Inc. grew its position in shares of Oceaneering International by 101.6% during the 2nd quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company’s stock worth $13,015,000 after buying an additional 277,247 shares during the period. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Barclays cut their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st.

Oceaneering International Stock Up 1.7 %

Oceaneering International stock opened at $29.79 on Friday. 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 stock has a market capitalization of $3.01 billion, a PE ratio of 22.57 and a beta of 2.35. The company has a 50 day moving average of $26.23 and a 200-day moving average of $25.16. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.65.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The firm had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

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 stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Oceaneering International

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.