Weiss Asset Management LP Makes New $1.24 Million Investment in Oceaneering International, Inc. (NYSE:OII)

Weiss Asset Management LP bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 49,974 shares of the oil and gas company's stock, valued at approximately $1,243,000.

A number of other institutional investors have also recently bought and sold shares of OII. Isthmus Partners LLC grew its holdings in shares of Oceaneering International by 0.9% during the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company's stock worth $27,000 after buying an additional 968 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Oceaneering International during the 2nd quarter worth approximately $38,000. Farther Finance Advisors LLC raised its holdings in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Oceaneering International in the third quarter worth $57,000. Finally, CWM LLC lifted its position in shares of Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company's stock worth $62,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays lowered their target price on Oceaneering International from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Thursday, October 31st.

Oceaneering International Stock Down 0.6 %

OII traded down $0.15 during trading on Monday, reaching $26.94. 781,903 shares of the stock were exchanged, compared to its average volume of 816,297. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The stock's 50 day moving average price is $26.77 and its two-hundred day moving average price is $25.45. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.98. The stock has a market cap of $2.72 billion, a P/E ratio of 20.52 and a beta of 2.39.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts expect that Oceaneering International, Inc. will post 1.4 EPS for the current year.

Insider Transactions at Oceaneering International

In other news, Director Karen H. Beachy sold 3,300 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the completion of the sale, the director now owns 28,229 shares in the company, valued at approximately $647,573.26. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

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.