Edgestream Partners L.P. Has $2.24 Million Position in Oceaneering International, Inc. (NYSE:OII)

Edgestream Partners L.P. lifted its stake in Oceaneering International, Inc. (NYSE:OIIGet Rating) by 44.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,093 shares of the oil and gas company’s stock after purchasing an additional 64,555 shares during the period. Edgestream Partners L.P. owned 0.21% of Oceaneering International worth $2,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OII. SG Americas Securities LLC increased its holdings in shares of Oceaneering International by 159.1% in the first quarter. SG Americas Securities LLC now owns 24,564 shares of the oil and gas company’s stock valued at $372,000 after purchasing an additional 15,082 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Oceaneering International in the first quarter valued at approximately $2,613,000. Versor Investments LP bought a new position in Oceaneering International in the first quarter valued at approximately $470,000. Envestnet Asset Management Inc. bought a new position in Oceaneering International in the first quarter valued at approximately $161,000. Finally, Victory Capital Management Inc. boosted its stake in Oceaneering International by 85.4% in the first quarter. Victory Capital Management Inc. now owns 20,991 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 9,666 shares during the last quarter. Institutional investors and hedge funds own 91.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Oceaneering International to $17.00 in a research note on Tuesday, November 1st. Barclays cut shares of Oceaneering International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $15.00 to $10.00 in a research note on Thursday, October 6th. Citigroup reduced their price objective on shares of Oceaneering International from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. StockNews.com raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. Finally, Cowen reduced their price target on shares of Oceaneering International to $13.00 in a research report on Tuesday, August 9th.

Insider Transactions at Oceaneering International

In other news, Director Steven A. Webster purchased 25,000 shares of Oceaneering International stock in a transaction dated Tuesday, September 27th. The shares were bought at an average cost of $7.67 per share, with a total value of $191,750.00. Following the completion of the transaction, the director now directly owns 124,208 shares in the company, valued at approximately $952,675.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Steven A. Webster purchased 25,000 shares of Oceaneering International stock in a transaction dated Tuesday, September 27th. The shares were bought at an average cost of $7.67 per share, with a total value of $191,750.00. Following the completion of the transaction, the director now directly owns 124,208 shares in the company, valued at approximately $952,675.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Webster purchased 10,731 shares of Oceaneering International stock in a transaction dated Thursday, September 29th. The shares were purchased at an average cost of $7.77 per share, for a total transaction of $83,379.87. Following the completion of the transaction, the director now owns 134,939 shares of the company’s stock, valued at $1,048,476.03. The disclosure for this purchase can be found here. Insiders have bought a total of 48,331 shares of company stock valued at $374,142 over the last three months. 2.01% of the stock is currently owned by corporate insiders.

Oceaneering International Price Performance

Shares of NYSE OII opened at $14.73 on Thursday. The company’s fifty day moving average is $11.10 and its 200-day moving average is $10.61. Oceaneering International, Inc. has a twelve month low of $7.25 and a twelve month high of $18.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.37 and a quick ratio of 2.04.

About Oceaneering International

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Oceaneering International, Inc provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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