Thrivent Financial for Lutherans Has $2.39 Million Stock Holdings in Oceaneering International, Inc. $OII

Thrivent Financial for Lutherans trimmed its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 34.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,469 shares of the oil and gas company’s stock after selling 50,079 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Oceaneering International were worth $2,391,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC boosted its holdings in shares of Oceaneering International by 3.4% in the second quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 559 shares during the period. California State Teachers Retirement System lifted its position in Oceaneering International by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock valued at $1,934,000 after acquiring an additional 634 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Oceaneering International by 33.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 747 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Oceaneering International in the 3rd quarter worth $26,000. Finally, Diversified Trust Co increased its holdings in Oceaneering International by 6.8% during the 3rd quarter. Diversified Trust Co now owns 17,074 shares of the oil and gas company’s stock worth $423,000 after purchasing an additional 1,086 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII opened at $32.80 on Wednesday. The company has a market cap of $3.27 billion, a PE ratio of 14.32 and a beta of 1.25. The firm has a 50-day moving average of $27.14 and a 200-day moving average of $24.84. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $33.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68.

Insider Buying and Selling

In other Oceaneering International news, SVP Jennifer Fremont Simons sold 29,155 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.35, for a total transaction of $768,234.25. Following the transaction, the senior vice president owned 52,344 shares of the company’s stock, valued at $1,379,264.40. The trade was a 35.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OII. Barclays upped their price objective on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. TD Cowen raised their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.00.

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.