F M Investments LLC Acquires 76,917 Shares of Oceaneering International, Inc. (NYSE:OII)

F M Investments LLC grew its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 34.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,808 shares of the oil and gas company's stock after buying an additional 76,917 shares during the quarter. F M Investments LLC owned approximately 0.30% of Oceaneering International worth $7,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norden Group LLC acquired a new stake in shares of Oceaneering International in the first quarter valued at approximately $233,000. BNP Paribas Financial Markets grew its position in shares of Oceaneering International by 10.7% during the 1st quarter. BNP Paribas Financial Markets now owns 160,377 shares of the oil and gas company's stock worth $3,753,000 after buying an additional 15,486 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Oceaneering International during the first quarter worth approximately $144,000. Texas Permanent School Fund Corp lifted its holdings in Oceaneering International by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 88,153 shares of the oil and gas company's stock valued at $2,063,000 after buying an additional 1,141 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Oceaneering International in the 1st quarter worth $2,131,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Trading Up 0.2 %

Shares of OII traded up $0.04 during trading hours on Friday, reaching $24.44. The stock had a trading volume of 766,968 shares, compared to its average volume of 757,195. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.45. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.47 billion, a P/E ratio of 18.52 and a beta of 2.35. The firm has a 50-day moving average of $25.11 and a 200 day moving average of $24.55.

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 net margin of 5.22% and a return on equity of 15.11%. The business had revenue of $679.81 million for the quarter, compared to the consensus estimate of $693.69 million. During the same quarter last year, the firm earned $0.38 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Oceaneering International, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Oceaneering International

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays cut 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. Benchmark reaffirmed a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th.

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.