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State of Alaska Department of Revenue grew its position in Oceaneering International, Inc. (NYSE:OII – Free Report) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 59,900 shares of the oil and gas company’s stock after acquiring an additional 3,903 shares during the period. State of Alaska Department of Revenue’s holdings in Oceaneering International were worth $1,241,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake 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 during the last quarter. Central Pacific Bank Trust Division raised its position in Oceaneering International by 9.1% during the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock worth $209,000 after purchasing an additional 840 shares during the last quarter. Foundry Partners LLC raised its position in Oceaneering International by 8.5% during the 1st quarter. Foundry Partners LLC now owns 13,918 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 1,096 shares during the last quarter. Inspire Investing LLC raised its position in Oceaneering International by 7.2% during the 1st quarter. Inspire Investing LLC now owns 18,352 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 1,240 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Oceaneering International by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 1,256 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Citigroup raised their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Saturday, September 27th. Barclays raised their target price on Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.
Read Our Latest Analysis on OII
Oceaneering International Stock Performance
Shares of OII opened at $24.41 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.00 and a quick ratio of 1.67. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $21.18. The company has a market cap of $2.45 billion, a PE ratio of 12.33 and a beta of 1.50. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98.
Oceaneering International (NYSE:OII – Get Free Report) last issued its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $698.16 million during the quarter, compared to the consensus estimate of $676.81 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. On average, equities research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.
Insider Activity at Oceaneering International
In other news, CFO Alan R. Curtis sold 14,840 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the sale, the chief financial officer directly owned 155,259 shares in the company, valued at $3,782,109.24. This trade represents a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.
About Oceaneering International
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.
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