Congress Asset Management Co. Acquires New Position in Oceaneering International, Inc. (NYSE:OII)

Congress Asset Management Co. bought a new stake in Oceaneering International, Inc. (NYSE:OII - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,560,873 shares of the oil and gas company's stock, valued at approximately $38,819,000. Congress Asset Management Co. owned approximately 1.54% of Oceaneering International as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Isthmus Partners LLC increased its position in shares of Oceaneering International by 0.9% in the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company's stock valued at $27,000 after acquiring an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Oceaneering International during the 2nd quarter worth approximately $38,000. EntryPoint Capital LLC raised its stake in shares of Oceaneering International by 105.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company's stock worth $51,000 after purchasing an additional 1,124 shares in the last quarter. CWM LLC boosted its holdings in shares of 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 buying an additional 2,034 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake 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 buying an additional 1,412 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Insider Transactions at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International 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 completion of the sale, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Earl Childress sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the sale, the senior vice president now directly owns 57,351 shares in the company, valued at $1,473,920.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,975 shares of company stock valued at $585,413. 2.30% of the stock is currently owned by corporate insiders.

Oceaneering International Stock Performance

OII traded up $0.04 on Friday, reaching $24.44. The company had a trading volume of 766,968 shares, compared to its average volume of 822,155. The company's fifty day moving average is $25.11 and its 200 day moving average is $24.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.42 and a current ratio of 1.76. The stock has a market cap of $2.47 billion, a P/E ratio of 18.52 and a beta of 2.35. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.45.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share 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 the consensus estimate 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 quarter last year, the business posted $0.38 EPS. As a group, analysts predict that Oceaneering International, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.