BNP Paribas Financial Markets Grows Position in Oceaneering International, Inc. (NYSE:OII)

BNP Paribas Financial Markets raised its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 74.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,126 shares of the oil and gas company's stock after acquiring an additional 25,692 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Oceaneering International worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OII. Algert Global LLC raised its stake in shares of Oceaneering International by 23.1% during the third quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company's stock valued at $2,487,000 after acquiring an additional 18,760 shares in the last quarter. Fisher Asset Management LLC raised its position in Oceaneering International by 32.3% during the 3rd quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company's stock valued at $3,292,000 after purchasing an additional 32,297 shares in the last quarter. Earnest Partners LLC raised its position in Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock valued at $150,601,000 after purchasing an additional 1,105,263 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company's stock worth $6,314,000 after buying an additional 24,283 shares in the last quarter. Finally, FMR LLC grew its position in shares of Oceaneering International by 1.3% during the 3rd quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company's stock worth $72,023,000 after buying an additional 36,593 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Down 0.6 %

OII traded down $0.15 on Monday, hitting $26.94. The company had a trading volume of 781,903 shares, compared to its average volume of 816,297. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 20.52 and a beta of 2.39. 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 has a fifty day moving average price of $26.77 and a 200-day moving average price of $25.45. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $693.69 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OII. Barclays lowered their price objective on shares of Oceaneering International from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Thursday, October 31st. Benchmark reiterated a "buy" rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th.

Insider Transactions at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the transaction, the director now directly owns 28,229 shares in the company, valued at $647,573.26. The trade was a 10.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company's stock.

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.