Oceaneering International, Inc. $OII Shares Acquired by Jennison Associates LLC

Jennison Associates LLC lifted its position in Oceaneering International, Inc. (NYSE:OII) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,342 shares of the oil and gas company’s stock after acquiring an additional 13,879 shares during the quarter. Jennison Associates LLC’s holdings in Oceaneering International were worth $1,478,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Oceaneering International by 11,380.8% in the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,959 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 711 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Oceaneering International in the 1st quarter valued at approximately $156,000. Strs Ohio purchased a new stake in shares of Oceaneering International in the 1st quarter valued at approximately $168,000. Finally, Central Pacific Bank Trust Division lifted its position in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock valued at $209,000 after acquiring an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total transaction of $361,502.40. Following the transaction, the chief financial officer owned 155,259 shares in the company, valued at $3,782,109.24. This represents a 8.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research report on Wednesday, October 8th. Finally, Barclays increased their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Oceaneering International Stock Up 1.1%

OII stock opened at $23.27 on Friday. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 10.16 and a beta of 1.50. The company has a 50 day moving average of $24.04 and a two-hundred day moving average of $21.74.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.42 by $0.13. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The company had revenue of $742.90 million for the quarter, compared to analyst estimates of $709.48 million. During the same quarter in the prior year, the business posted $0.36 EPS. Oceaneering International’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.