Oceaneering International, Inc. (NYSE:OII) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,440,294 shares of the oil and gas company's stock after selling 204,278 shares during the period. Van ECK Associates Corp owned approximately 1.42% of Oceaneering International worth $33,458,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of OII. Ashton Thomas Private Wealth LLC purchased a new position in Oceaneering International in the 2nd quarter worth approximately $38,000. Farther Finance Advisors LLC lifted its stake 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 during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Oceaneering International by 105.2% during the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company's stock valued at $51,000 after purchasing an additional 1,124 shares during the period. 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 worth $62,000 after acquiring an additional 2,034 shares in 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 worth $68,000 after purchasing an additional 1,412 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Insider Activity at Oceaneering International

In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the business's 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 owns 57,351 shares of the company's stock, valued at $1,473,920.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction that occurred 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 owns 57,351 shares in the company, valued at approximately $1,473,920.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total transaction of $252,711.00. Following the sale, the director now directly owns 141,837 shares in the company, valued at approximately $3,704,782.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,975 shares of company stock worth $585,413. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OII. Barclays reduced 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 restated a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th.

Oceaneering International Price Performance

Shares of NYSE:OII traded up $0.30 during midday trading on Tuesday, hitting $25.75. The company's stock had a trading volume of 938,749 shares, compared to its average volume of 822,666. 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 business's 50 day simple moving average is $25.07 and its 200 day simple moving average is $24.58. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $30.45. The company has a market cap of $2.60 billion, a P/E ratio of 19.51 and a beta of 2.35.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $693.69 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Oceaneering International's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that Oceaneering International, Inc. will post 1.38 EPS for the current 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.