Oceaneering International, Inc. (OII) Shares Sold by Stephens Investment Management Group LLC
Stephens Investment Management Group LLC lowered its stake in Oceaneering International, Inc. (NYSE:OII) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 897,301 shares of the oil and gas company’s stock after selling 16,472 shares during the period. Stephens Investment Management Group LLC owned 0.91% of Oceaneering International worth $23,572,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Utah Retirement Systems increased its stake in shares of Oceaneering International by 1.1% in the second quarter. Utah Retirement Systems now owns 17,982 shares of the oil and gas company’s stock worth $411,000 after acquiring an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Oceaneering International by 3.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 330 shares during the period. Capstone Asset Management Co. grew its position in Oceaneering International by 4.9% during the second quarter. Capstone Asset Management Co. now owns 12,128 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 570 shares during the period. Arizona State Retirement System grew its position in Oceaneering International by 1.5% during the second quarter. Arizona State Retirement System now owns 41,400 shares of the oil and gas company’s stock valued at $946,000 after buying an additional 600 shares during the period. Finally, State Treasurer State of Michigan grew its position in Oceaneering International by 1.8% during the second quarter. State Treasurer State of Michigan now owns 40,500 shares of the oil and gas company’s stock valued at $925,000 after buying an additional 700 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of Oceaneering International stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.
Shares of Oceaneering International, Inc. (NYSE:OII) traded down $0.60 during mid-day trading on Tuesday, reaching $18.48. 1,463,000 shares of the company’s stock were exchanged, compared to its average volume of 1,395,659. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a one year low of $17.11 and a one year high of $32.12. The stock has a market capitalization of $1,875.16, a P/E ratio of 636.00 and a beta of 1.64.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The firm had revenue of $476.12 million for the quarter, compared to analysts’ expectations of $511.14 million. During the same period last year, the firm earned $0.17 earnings per share. Oceaneering International’s revenue for the quarter was down 13.3% on a year-over-year basis. analysts anticipate that Oceaneering International, Inc. will post -0.09 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Capital One Financial Corporation lowered shares of Oceaneering International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Tudor Pickering upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $27.00 price target on shares of Oceaneering International in a research report on Monday, October 30th. Finally, Societe Generale lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Oceaneering International has an average rating of “Hold” and a consensus price target of $24.84.
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About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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