Fifth Third Bancorp Purchases 29,097 Shares of Oceaneering International, Inc. $OII

Fifth Third Bancorp boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 6,782.5% during the first quarter, Holdings Channel.com reports. The firm owned 29,526 shares of the oil and gas company’s stock after acquiring an additional 29,097 shares during the period. Fifth Third Bancorp’s holdings in Oceaneering International were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley Institutional Investment Advisors LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth about $94,847,000. Balyasny Asset Management L.P. increased its stake in Oceaneering International by 916.6% during the second quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock worth $28,219,000 after acquiring an additional 1,227,950 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Oceaneering International by 210.8% during the third quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock valued at $12,190,000 after purchasing an additional 333,666 shares during the period. Old West Investment Management LLC raised its position in Oceaneering International by 128.2% during the fourth quarter. Old West Investment Management LLC now owns 543,271 shares of the oil and gas company’s stock valued at $13,055,000 after purchasing an additional 305,168 shares during the period. Finally, SIR Capital Management L.P. bought a new stake in shares of Oceaneering International in the 3rd quarter valued at approximately $6,750,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OII shares. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. TD Cowen raised their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Citigroup increased their price objective on shares of Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Oceaneering International News Roundup

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above estimates, while diluted EPS of $0.65 also beat expectations. Profitability improved as net income, gross profit, and operating profit all rose, and the company highlighted record EBITDA. Article Title
• Positive Sentiment: Management projected third-quarter 2026 consolidated revenue growth and EBITDA in the range of $115 million to $125 million, reinforcing expectations for continued momentum. Article Title
• Neutral Sentiment: Several follow-up articles highlighted the earnings call, record EBITDA, and “strong earnings momentum,” which may be supporting investor confidence but do not appear to add new fundamental information. Article Title
• Negative Sentiment: One post-earnings note argued that Oceaneering’s improved diversification may already be reflected in the stock, suggesting limited upside from here. Article Title

Oceaneering International Trading Up 10.3%

OII stock opened at $52.98 on Friday. Oceaneering International, Inc. has a 12 month low of $20.79 and a 12 month high of $53.10. The firm’s 50-day moving average is $39.81 and its 200 day moving average is $36.00. The company has a market capitalization of $5.28 billion, a PE ratio of 15.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.79.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The company had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.89 EPS 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.