3,947,022 Shares in Oceaneering International, Inc. $OII Bought by Morgan Stanley Institutional Investment Advisors LLC

Morgan Stanley Institutional Investment Advisors LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,947,022 shares of the oil and gas company’s stock, valued at approximately $94,847,000. Oceaneering International makes up 10.0% of Morgan Stanley Institutional Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. Morgan Stanley Institutional Investment Advisors LLC owned about 3.96% of Oceaneering International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Oceaneering International during the 3rd quarter worth $28,000. Quarry LP acquired a new position in Oceaneering International in the third quarter valued at $30,000. SBI Securities Co. Ltd. increased its stake in Oceaneering International by 255.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. EverSource Wealth Advisors LLC increased its stake in Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the period. Finally, Bessemer Group Inc. increased its stake in Oceaneering International by 47.5% in the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 629 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on OII. TD Cowen lifted their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Zacks Research lowered shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup lifted their price objective on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.67.

Insider Buying and Selling at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the sale, the chief executive officer owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Oceaneering International Stock Down 1.2%

Shares of NYSE:OII opened at $39.34 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 11.67 and a beta of 1.16. The firm’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $32.74. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. Oceaneering International, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $40.21.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.89 earnings per share for the current year.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.