Andina Capital Management LLC Invests $524,000 in Oceaneering International, Inc. $OII

Andina Capital Management LLC acquired a new position in Oceaneering International, Inc. (NYSE:OII) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,766 shares of the oil and gas company’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Oceaneering International during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares during the last quarter. Quarry LP purchased a new stake in shares of Oceaneering International during the 3rd quarter valued at $30,000. Hantz Financial Services Inc. raised its position in shares of Oceaneering International by 248.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 1,627 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Oceaneering International by 33.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 747 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

NYSE OII opened at $36.26 on Wednesday. The company has a 50-day simple moving average of $37.78 and a two-hundred day simple moving average of $33.38. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. Oceaneering International, Inc. has a 12-month low of $20.21 and a 12-month high of $40.21. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 10.76 and a beta of 1.16.

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

Insider Buying and Selling

In other Oceaneering International 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 value of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares in the company, valued at approximately $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their target price on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Citigroup upped their price objective on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. TD Cowen raised their price objective on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

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.