Loomis Sayles & Co. L P Buys 206,458 Shares of Oceaneering International, Inc. (NYSE:OII)

Loomis Sayles & Co. L P increased its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,838,772 shares of the oil and gas company's stock after acquiring an additional 206,458 shares during the quarter. Loomis Sayles & Co. L P owned about 1.82% of Oceaneering International worth $45,730,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Oceaneering International in the second quarter valued at about $38,000. Farther Finance Advisors LLC boosted its stake in 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 increased its stake in Oceaneering International by 105.2% in 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 in the last quarter. CWM LLC raised its holdings in Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company's stock worth $62,000 after purchasing an additional 2,034 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Oceaneering International by 108.3% during the third 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 in the last quarter. Institutional investors own 93.93% of the company's stock.

Insider Buying and Selling

In related news, Director Karen H. Beachy sold 3,300 shares of the firm's stock in a transaction dated 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. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on OII shares. 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. Barclays cut 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 report on Thursday, October 31st.

Oceaneering International Stock Down 1.7 %

Shares of OII traded down $0.50 during mid-day trading on Tuesday, hitting $29.30. 677,151 shares of the company's stock were exchanged, compared to its average volume of 818,840. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.65. The company has a market cap of $2.96 billion, a PE ratio of 22.19 and a beta of 2.35. The company has a 50-day simple moving average of $26.06 and a 200 day simple moving average of $25.09.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.22% and a return on equity of 15.11%. The business had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that Oceaneering International, Inc. will post 1.39 earnings per share for the current fiscal year.

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.