Vise Technologies Inc. Purchases New Shares in Oceaneering International, Inc. $OII

Vise Technologies Inc. bought a new position in Oceaneering International, Inc. (NYSE:OII) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 16,231 shares of the oil and gas company’s stock, valued at approximately $658,000.

A number of other large investors have also recently modified their holdings of OII. Lido Advisors LLC lifted its holdings in Oceaneering International by 2.8% in the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after buying an additional 335 shares during the period. CSM Advisors LLC raised its position in shares of Oceaneering International by 3.1% in the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after acquiring an additional 428 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Oceaneering International by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 545 shares in the last quarter. State of Wyoming lifted its stake in shares of Oceaneering International by 5.8% in the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 621 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of 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 purchasing an additional 634 shares during the period. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 0.0%

NYSE:OII opened at $53.01 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a 12 month low of $22.02 and a 12 month high of $54.25. The company has a market cap of $5.28 billion, a PE ratio of 15.23 and a beta of 1.15. The company has a 50 day simple moving average of $44.53 and a two-hundred day simple moving average of $39.23.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.46 by $0.17. The firm had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Research analysts forecast that Oceaneering International, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

OII has been the topic of several recent research reports. Citigroup upped their price target on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays boosted their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Weiss Ratings downgraded Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. TD Cowen lifted their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.00.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, SVP Christopher J. Dyer sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the completion of the sale, the senior vice president directly owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the completion of the transaction, the director owned 68,916 shares in the company, valued at $3,333,466.92. The trade was a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,901 shares of company stock valued at $1,277,904 in the last ninety days. Corporate insiders own 1.30% 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.