13,237 Shares in Oceaneering International, Inc. $OII Bought by Veracity Capital LLC

Veracity Capital LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,237 shares of the oil and gas company’s stock, valued at approximately $578,000.

A number of other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Oceaneering International during the second quarter worth $35,000. Allworth Financial LP bought a new position in Oceaneering International in the second quarter valued at about $42,000. Public Employees Retirement System of Ohio acquired a new stake in Oceaneering International in the second quarter worth about $54,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Oceaneering International in the first quarter worth about $53,000. Finally, Persistent Asset Partners Ltd bought a new stake in Oceaneering International during the 2nd quarter worth about $66,000. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Up 2.8%

Shares of NYSE OII traded up $1.21 during mid-day trading on Thursday, reaching $44.91. 266,186 shares of the company’s stock were exchanged, compared to its average volume of 1,114,796. Oceaneering International, Inc. has a twelve month low of $22.02 and a twelve month high of $54.25. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 12.89 and a beta of 1.25. The business has a fifty day simple moving average of $48.93 and a 200 day simple moving average of $42.40.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.Oceaneering International’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. As a group, equities analysts expect that Oceaneering International, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OII shares. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Citigroup upped their target price on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Barclays increased their price target on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Oceaneering International currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity at Oceaneering International

In related news, SVP Earl Childress sold 12,701 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $46.71, for a total transaction of $593,263.71. Following the sale, the senior vice president directly owned 22,876 shares in the company, valued at $1,068,537.96. This trade represents a 35.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul Murphy, Jr. sold 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $48.37, for a total transaction of $483,700.00. Following the completion of the sale, the director directly owned 68,916 shares in the company, valued at $3,333,466.92. This represents a 12.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,901 shares of company stock valued at $1,542,864 over the last three months. Insiders own 1.30% of the company’s stock.

Oceaneering International Profile

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering’s subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.