Dockside LLC Purchases Shares of 38,430 Oceaneering International, Inc. $OII

Dockside LLC purchased a new stake in shares of Oceaneering International, Inc. (NYSE:OII) during the 2nd quarter, HoldingsChannel reports. The fund purchased 38,430 shares of the oil and gas company’s stock, valued at approximately $1,557,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its position 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 worth $30,000 after acquiring an additional 1,111 shares in the last quarter. Quarry LP bought a new stake in Oceaneering International in the third quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Oceaneering International in the 1st quarter valued at about $53,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Oceaneering International by 248.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 1,627 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Oceaneering International

In related news, Director Paul B. Murphy, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the completion of the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director M Kevin Mcevoy sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the transaction, the director directly owned 134,133 shares of the company’s stock, valued at $6,427,653.36. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,901 shares of company stock valued at $1,469,254 over the last three months. 1.30% of the stock is owned by insiders.

Oceaneering International Price Performance

OII stock opened at $52.08 on Friday. Oceaneering International, Inc. has a one year low of $22.02 and a one year high of $53.98. The firm has a 50-day moving average of $43.16 and a two-hundred day moving average of $38.36. The firm has a market capitalization of $5.18 billion, a PE ratio of 14.97 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

OII has been the topic of a number of research reports. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. TD Cowen upped their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Barclays increased their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, Citigroup lifted their target price on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday. One investment 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, Oceaneering International has a consensus rating of “Hold” and an average target price of $45.00.

Oceaneering International 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.