Oceaneering International, Inc. $OII Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 38.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 526,034 shares of the oil and gas company’s stock after selling 330,610 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.53% of Oceaneering International worth $18,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OII. Wilmington Savings Fund Society FSB acquired a new stake in Oceaneering International during the third quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the period. Quarry LP purchased a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. lifted its stake in shares of Oceaneering International by 248.8% in 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 purchasing an additional 1,627 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Oceaneering International by 33.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after buying an additional 747 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling at Oceaneering International

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

Oceaneering International Price Performance

Shares of NYSE OII opened at $39.84 on Monday. The firm has a market cap of $3.97 billion, a PE ratio of 11.82 and a beta of 1.16. The firm has a fifty day moving average of $37.90 and a 200 day moving average of $33.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. Oceaneering International, Inc. has a one year low of $20.21 and a one year high of $40.21.

Oceaneering International (NYSE:OII) last posted 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). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts predict that Oceaneering International, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OII. Barclays raised their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report 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. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. TD Cowen lifted their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Citigroup upped their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average target price 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.