Sigma Planning Corp Acquires Shares of 11,376 Oceaneering International, Inc. $OII

Sigma Planning Corp acquired a new position in Oceaneering International, Inc. (NYSE:OII) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,376 shares of the oil and gas company’s stock, valued at approximately $461,000.

Several other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Oceaneering International in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 1,111 shares in the last quarter. Quarry LP acquired a new stake in Oceaneering International in the third quarter valued at approximately $30,000. Allworth Financial LP purchased a new stake in shares of Oceaneering International in the second quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International in the first quarter valued at approximately $53,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oceaneering International

In other news, SVP Christopher J. Dyer sold 1,200 shares of the stock in a transaction dated 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 $700,550.30. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the transaction, the director owned 68,916 shares in the company, valued at $3,333,466.92. The trade was a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,901 shares of company stock worth $1,277,904 over the last three months. 1.30% of the stock is owned by corporate insiders.

Oceaneering International Stock Performance

Shares of NYSE:OII opened at $51.65 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The business’s 50 day moving average price is $46.83 and its 200-day moving average price is $40.28. The firm has a market capitalization of $5.14 billion, a PE ratio of 14.84 and a beta of 1.17. Oceaneering International, Inc. has a 1 year low of $22.02 and a 1 year high of $54.25.

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

Analysts Set New Price Targets

OII has been the topic of a number of recent analyst reports. Citigroup increased their target price on Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Barclays lifted their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Oceaneering International has an average rating of “Hold” and a consensus target price of $45.00.

About Oceaneering International

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.