Capstone Investment Advisors LLC Acquires New Position in Oceaneering International, Inc. $OII

Capstone Investment Advisors LLC acquired a new stake in Oceaneering International, Inc. (NYSE:OII) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,094 shares of the oil and gas company’s stock, valued at approximately $1,017,000.

A number of other institutional investors have also bought and sold shares of OII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oceaneering International in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in 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 during the last quarter. Quarry LP acquired a new position in Oceaneering International during the third quarter worth $30,000. Allworth Financial LP purchased a new stake in Oceaneering International in the 2nd quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Oceaneering International in the 1st quarter worth $53,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oceaneering International

In related news, Director Paul B. Murphy, Jr. sold 10,000 shares of Oceaneering International stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the completion of the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher J. Dyer sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total value of $57,180.00. Following the completion of the sale, the senior vice president directly owned 14,702 shares in the company, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,901 shares of company stock worth $1,277,904. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup boosted their target price on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings cut shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Finally, Barclays raised their price target on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Oceaneering International presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Oceaneering International Stock Up 3.0%

Shares of NYSE:OII opened at $51.09 on Friday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.68 and a beta of 1.15. Oceaneering International, Inc. has a 12-month low of $22.02 and a 12-month high of $54.25. The business has a 50-day moving average price of $45.61 and a 200 day moving average price of $39.77. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $768.18 million for the quarter, compared to analysts’ expectations of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. Oceaneering International’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. Sell-side analysts expect that Oceaneering International, Inc. will post 2.1 EPS for the current year.

Oceaneering International Profile

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.