Oceaneering International, Inc. (NYSE:OII) Stake Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its holdings in Oceaneering International, Inc. (NYSE:OII) by 12.6% during the third quarter, Holdings Channel reports. The firm owned 1,838,772 shares of the oil and gas company’s stock after purchasing an additional 206,458 shares during the period. Loomis Sayles & Co. L P’s holdings in Oceaneering International were worth $45,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Oceaneering International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock worth $294,348,000 after acquiring an additional 117,503 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Oceaneering International by 25.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,714 shares of the oil and gas company’s stock valued at $298,000 after purchasing an additional 2,559 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Oceaneering International by 2.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 87,949 shares of the oil and gas company’s stock valued at $2,056,000 after purchasing an additional 1,898 shares during the period. EntryPoint Capital LLC increased its stake in Oceaneering International by 105.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Oceaneering International by 46.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock worth $29,323,000 after buying an additional 398,209 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Oceaneering International Trading Down 0.8 %

Shares of NYSE OII opened at $29.80 on Tuesday. The firm has a market capitalization of $3.01 billion, a PE ratio of 22.58 and a beta of 2.35. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.65. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $26.06 and a two-hundred day moving average price of $25.09.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, analysts predict that Oceaneering International, Inc. will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on OII shares. Barclays decreased their target price on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.