Algert Global LLC Buys 18,760 Shares of Oceaneering International, Inc. (NYSE:OII)

Algert Global LLC boosted its position in Oceaneering International, Inc. (NYSE:OII) by 23.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,013 shares of the oil and gas company’s stock after buying an additional 18,760 shares during the quarter. Algert Global LLC owned approximately 0.10% of Oceaneering International worth $2,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Oceaneering International by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after acquiring an additional 117,503 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Oceaneering International by 25.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock worth $298,000 after acquiring an additional 2,559 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Oceaneering International by 2.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 87,949 shares of the oil and gas company’s stock valued at $2,056,000 after buying an additional 1,898 shares during the period. Janus Henderson Group PLC raised its stake in shares of Oceaneering International by 46.6% during 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 acquiring an additional 398,209 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Oceaneering International by 27.5% during the 1st quarter. Comerica Bank now owns 59,961 shares of the oil and gas company’s stock worth $1,403,000 after buying an additional 12,948 shares during the period. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of OII opened at $29.30 on Wednesday. The firm’s 50-day simple moving average is $26.06 and its two-hundred day simple moving average is $25.09. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.65. The stock has a market cap of $2.96 billion, a PE ratio of 22.19 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76.

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 analysts’ consensus estimates of $0.44 by ($0.08). The business had revenue of $679.81 million during the quarter, compared to the consensus estimate 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 for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Analysts anticipate that Oceaneering International, Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction dated 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 owns 28,229 shares of the company’s stock, valued at $647,573.26. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OII shares. Barclays lowered their price objective on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International 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.