Oceaneering International, Inc. (NYSE:OII) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in Oceaneering International, Inc. (NYSE:OII) by 74.6% during the third quarter, Holdings Channel reports. The institutional investor owned 60,126 shares of the oil and gas company’s stock after buying an additional 25,692 shares during the period. BNP Paribas Financial Markets’ holdings in Oceaneering International were worth $1,495,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Congress Asset Management Co. purchased a new position in shares of Oceaneering International in the 3rd quarter worth about $38,819,000. Earnest Partners LLC raised its holdings in shares of Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after buying an additional 1,105,263 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Oceaneering International by 101.6% during the 2nd quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company’s stock valued at $13,015,000 after buying an additional 277,247 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Oceaneering International during the 3rd quarter valued at about $6,106,000. Finally, American Century Companies Inc. raised its holdings in shares of Oceaneering International by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock valued at $47,849,000 after buying an additional 239,701 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays dropped their target price on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a report on Friday, October 25th.

Oceaneering International Price Performance

OII stock opened at $27.09 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.98. The stock’s 50 day moving average is $26.77 and its two-hundred day moving average is $25.45. The company has a market capitalization of $2.74 billion, a PE ratio of 20.52 and a beta of 2.39.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The business had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. Oceaneering International’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Analysts predict that Oceaneering International, Inc. will post 1.4 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.