Isthmus Partners LLC Sells 22,834 Shares of Oceaneering International, Inc. (NYSE:OII)

Isthmus Partners LLC reduced its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,291 shares of the oil and gas company's stock after selling 22,834 shares during the quarter. Isthmus Partners LLC owned about 0.09% of Oceaneering International worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Oceaneering International in the second quarter worth about $38,000. Farther Finance Advisors LLC raised its holdings in shares of Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,905 shares in the last quarter. CWM LLC boosted its position in shares of Oceaneering International by 351.9% during 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. GAMMA Investing LLC grew its holdings in shares of Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in Oceaneering International by 34.5% in the third quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company's stock worth $174,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays dropped 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 issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th.

Insider Activity

In other news, Director Karen H. Beachy sold 3,300 shares of the business's stock in a transaction on 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 directly owns 28,229 shares of the company's stock, valued at approximately $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company's stock.

Oceaneering International Trading Up 0.6 %

NYSE OII traded up $0.19 on Friday, hitting $29.98. 439,876 shares of the stock were exchanged, compared to its average volume of 816,395. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.65. The firm has a market capitalization of $3.03 billion, a P/E ratio of 22.71 and a beta of 2.35. 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 $26.31 and a two-hundred day moving average price of $25.19.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.08). The firm had revenue of $679.81 million for the quarter, compared to analysts' expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. Oceaneering International's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Research analysts forecast that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Oceaneering International 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.