13,237 Shares in Oceaneering International, Inc. $OII Bought by Veracity Capital LLC

Veracity Capital LLC acquired a new stake in Oceaneering International, Inc. (NYSE:OII) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,237 shares of the oil and gas company’s stock, valued at approximately $578,000.

A number of other institutional investors have also made changes to their positions in the business. QRG Capital Management Inc. grew its position in Oceaneering International by 12.9% in the second quarter. QRG Capital Management Inc. now owns 24,006 shares of the oil and gas company’s stock valued at $973,000 after purchasing an additional 2,743 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Oceaneering International during the 2nd quarter worth about $224,000. Tidal Investments LLC grew its holdings in shares of Oceaneering International by 8.4% in the 2nd quarter. Tidal Investments LLC now owns 30,209 shares of the oil and gas company’s stock valued at $1,224,000 after acquiring an additional 2,341 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Oceaneering International in the 2nd quarter valued at about $35,000. Finally, NewEdge Advisors LLC increased its position in shares of Oceaneering International by 24.2% in the second quarter. NewEdge Advisors LLC now owns 32,640 shares of the oil and gas company’s stock valued at $1,323,000 after acquiring an additional 6,367 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on OII. Barclays increased their price target 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. Citigroup upped their price objective on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Oceaneering International presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Oceaneering International Stock Performance

Shares of NYSE OII traded up $1.21 during midday trading on Thursday, hitting $44.91. 266,186 shares of the company’s stock were exchanged, compared to its average volume of 1,114,796. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.47 billion, a PE ratio of 12.89 and a beta of 1.25. Oceaneering International, Inc. has a 12 month low of $22.02 and a 12 month high of $54.25. The company’s 50 day moving average price is $48.93 and its 200 day moving average price is $42.40.

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

Insider Buying and Selling

In related news, SVP Earl Childress sold 12,701 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $46.71, for a total value of $593,263.71. Following the transaction, the senior vice president owned 22,876 shares in the company, valued at approximately $1,068,537.96. This represents a 35.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roderick A. Larson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $44.16, for a total transaction of $264,960.00. Following the sale, the chief executive officer owned 391,279 shares of the company’s stock, valued at $17,278,880.64. This trade represents a 1.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,901 shares of company stock valued at $1,542,864. 1.30% of the stock is currently owned by insiders.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering’s subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.