228,424 Shares in Oceaneering International, Inc. $OII Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 228,424 shares of the oil and gas company’s stock, valued at approximately $5,489,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lido Advisors LLC increased its position in shares of Oceaneering International by 2.8% during the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 335 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Oceaneering International by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock worth $1,307,000 after purchasing an additional 380 shares during the last quarter. CSM Advisors LLC increased its position in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 428 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 15.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 469 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Oceaneering International by 5.8% during the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 621 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Performance

Shares of OII opened at $39.30 on Thursday. The stock has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $32.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The stock has a market capitalization of $3.92 billion, a PE ratio of 11.66 and a beta of 1.16. Oceaneering International, Inc. has a 1 year low of $20.21 and a 1 year high of $40.21.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, analysts predict that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

OII has been the subject of a number of research analyst reports. Citigroup raised their target price on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Barclays raised their price objective on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Zacks Research lowered shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. TD Cowen raised their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.67.

Oceaneering International Company 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.