Oceaneering International, Inc. (NYSE:OII) Given Consensus Recommendation of “Hold” by Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.00.

Several analysts have commented on OII shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Barclays increased their price target on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen upped their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Citigroup increased their target price on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th.

Oceaneering International Stock Performance

Shares of OII opened at $47.79 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15. The company’s 50 day simple moving average is $40.28 and its 200 day simple moving average is $36.41. Oceaneering International has a 1 year low of $20.79 and a 1 year high of $53.98.

Insiders Place Their Bets

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the transaction, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OII. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares in the last quarter. Quarry LP purchased a new position in Oceaneering International in the 3rd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Oceaneering International in the 1st quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. grew its position in Oceaneering International by 248.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Oceaneering International

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.