Oceaneering International, Inc. $OII Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in shares of Oceaneering International, Inc. (NYSE:OII) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,426,981 shares of the oil and gas company’s stock after selling 275,282 shares during the quarter. Brown Advisory Inc. owned approximately 7.44% of Oceaneering International worth $178,470,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OII. Wilmington Savings Fund Society FSB acquired a new position in shares of Oceaneering International during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $30,000 after acquiring an additional 1,111 shares during the last quarter. Quarry LP acquired a new position in shares of Oceaneering International during the third quarter valued at approximately $30,000. Bessemer Group Inc. raised its holdings in shares of Oceaneering International by 47.5% during the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 629 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

OII has been the subject of a number of research analyst reports. Barclays increased their target price on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. Citigroup increased their price target on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Zacks Research cut Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.67.

Insiders Place Their Bets

In related news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the transaction, the chief executive officer directly owned 397,279 shares in the company, valued at approximately $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Oceaneering International Trading Down 1.2%

Shares of Oceaneering International stock opened at $39.34 on Friday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.67 and a beta of 1.16. Oceaneering International, Inc. has a fifty-two week low of $20.21 and a fifty-two week high of $40.21. 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 50 day moving average of $37.75 and a 200 day moving average of $32.74.

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

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.