Algert Global LLC Grows Stock Position in Oceaneering International, Inc. (NYSE:OII)

Algert Global LLC lifted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 23.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,013 shares of the oil and gas company's stock after buying an additional 18,760 shares during the period. Algert Global LLC owned approximately 0.10% of Oceaneering International worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Isthmus Partners LLC increased its stake 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 acquiring an additional 968 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Oceaneering International in the second quarter valued at $38,000. Farther Finance Advisors LLC boosted its position in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,905 shares in the last quarter. CWM LLC grew its stake in Oceaneering International by 351.9% in the 2nd quarter. CWM LLC now owns 2,612 shares of the oil and gas company's stock valued at $62,000 after acquiring an additional 2,034 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Oceaneering International by 108.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 1,412 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

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

Oceaneering International Trading Up 1.7 %

NYSE:OII traded up $0.50 on Wednesday, reaching $29.79. The stock had a trading volume of 632,783 shares, compared to its average volume of 818,032. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 22.82 and a beta of 2.35. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $30.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The firm's fifty day moving average is $26.14 and its two-hundred day moving average is $25.13.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Equities analysts expect that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Oceaneering International Company Profile

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.