Ranger Investment Management L.P. Has $14.77 Million Holdings in Oceaneering International, Inc. $OII

Ranger Investment Management L.P. decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 595,970 shares of the oil and gas company’s stock after selling 18,255 shares during the period. Ranger Investment Management L.P.’s holdings in Oceaneering International were worth $14,768,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Profund Advisors LLC grew its holdings in Oceaneering International by 3.4% during the second quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company’s stock valued at $353,000 after purchasing an additional 559 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Oceaneering International by 47.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after buying an additional 629 shares during the period. California State Teachers Retirement System grew its stake in Oceaneering International by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock valued at $1,934,000 after buying an additional 634 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Oceaneering International by 33.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 747 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of OII stock opened at $30.24 on Friday. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $31.91. The company has a market capitalization of $3.02 billion, a P/E ratio of 13.30 and a beta of 1.26. The stock has a 50 day moving average of $26.66 and a two-hundred day moving average of $24.58. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53.

Analyst Upgrades and Downgrades

OII has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. TD Cowen increased their target price on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Barclays increased their price objective on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Insider Activity

In other news, SVP Jennifer Fremont Simons sold 29,155 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $26.35, for a total transaction of $768,234.25. Following the completion of the transaction, the senior vice president directly owned 52,344 shares of the company’s stock, valued at approximately $1,379,264.40. This trade represents a 35.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.