Townsquare Capital LLC Takes Position in Oceaneering International, Inc. (NYSE:OII)

Townsquare Capital LLC purchased a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,626 shares of the oil and gas company's stock, valued at approximately $2,080,000. Townsquare Capital LLC owned about 0.08% of Oceaneering International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OII. Ashton Thomas Private Wealth LLC acquired a new position in shares of Oceaneering International in the second quarter worth about $38,000. Farther Finance Advisors LLC boosted its stake in Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,905 shares during the period. CWM LLC increased its stake in Oceaneering International by 351.9% during 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. GAMMA Investing LLC raised its position in Oceaneering International by 108.3% in the 3rd 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 lifted its holdings in Oceaneering International by 34.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company's stock worth $174,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Trading Up 2.0 %

Shares of Oceaneering International stock traded up $0.60 during trading on Monday, reaching $30.58. 766,520 shares of the company were exchanged, compared to its average volume of 816,179. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.79. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 22.58 and a beta of 2.35. The business has a 50-day moving average price of $26.39 and a 200-day moving average price of $25.27.

Oceaneering International (NYSE:OII - Get Free Report) last posted 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). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business had revenue of $679.81 million for the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Karen H. Beachy sold 3,300 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was 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 approximately $647,573.26. The trade was a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Benchmark reissued a "buy" rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th. Barclays dropped their price objective on Oceaneering International from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Thursday, October 31st.

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.