Gamco Investors INC. ET AL Purchases 35,400 Shares of Oceaneering International, Inc. $OII

Gamco Investors INC. ET AL raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 11.6% in the fourth quarter, HoldingsChannel reports. The fund owned 341,840 shares of the oil and gas company’s stock after acquiring an additional 35,400 shares during the period. Gamco Investors INC. ET AL’s holdings in Oceaneering International were worth $8,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International in the third quarter valued at approximately $28,000. Quarry LP acquired a new position in Oceaneering International during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. increased its holdings in shares of Oceaneering International by 255.1% during the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Oceaneering International by 47.5% during the third 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 in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OII shares. Weiss Ratings upgraded Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Zacks Research cut shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Barclays raised their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Oceaneering International has an average rating of “Hold” and an average price target of $36.67.

Insider Transactions at Oceaneering International

In other Oceaneering International news, SVP Holly Kriendler sold 19,007 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $37.73, for a total value of $717,134.11. Following the completion of the transaction, the senior vice president directly owned 30,500 shares of the company’s stock, valued at $1,150,765. This trade represents a 38.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Earl Childress sold 22,518 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $842,398.38. Following the completion of the transaction, the senior vice president directly owned 35,577 shares of the company’s stock, valued at approximately $1,330,935.57. The trade was a 38.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 116,689 shares of company stock worth $4,395,710. 1.30% of the stock is owned by corporate insiders.

Oceaneering International Stock Down 1.4%

OII opened at $37.99 on Wednesday. The company has a 50 day moving average of $36.51 and a 200 day moving average of $30.87. The company has a market cap of $3.79 billion, a PE ratio of 11.27 and a beta of 1.17. Oceaneering International, Inc. has a 12 month low of $18.45 and a 12 month high of $40.12. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The business had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. During the same period last year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

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.