Victory Capital Management Inc. Has $11.74 Million Holdings in Oceaneering International, Inc. (NYSE:OII)

Victory Capital Management Inc. cut its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,931 shares of the oil and gas company's stock after selling 78,146 shares during the quarter. Victory Capital Management Inc. owned 0.47% of Oceaneering International worth $11,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of Oceaneering International by 46.6% in the first quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company's stock valued at $29,323,000 after acquiring an additional 398,209 shares during the period. Earnest Partners LLC increased its position in Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock valued at $150,601,000 after acquiring an additional 1,105,263 shares during the period. Envestnet Asset Management Inc. increased its stake in Oceaneering International by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company's stock valued at $6,314,000 after buying an additional 24,283 shares during the period. Rhumbline Advisers raised its stake in shares of Oceaneering International by 10.5% during the 2nd quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company's stock worth $6,759,000 after buying an additional 27,177 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Oceaneering International during the 2nd quarter worth approximately $515,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Performance

OII stock traded up $0.84 during trading on Thursday, reaching $28.81. 507,994 shares of the company's stock were exchanged, compared to its average volume of 817,135. Oceaneering International, Inc. has a 1-year low of $18.67 and a 1-year high of $30.45. The firm has a market cap of $2.91 billion, a PE ratio of 21.20 and a beta of 2.35. The company's fifty day moving average price is $25.69 and its 200-day moving average price is $24.95. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

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 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The business had revenue of $679.81 million during 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 was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, research analysts expect that Oceaneering International, Inc. will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OII shares. Barclays reduced their target price on shares of Oceaneering International from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Thursday, October 31st. Benchmark restated a "buy" rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th.

Insider Transactions at Oceaneering International

In related news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the completion of the sale, the director now owns 28,229 shares of the company's stock, valued at approximately $647,573.26. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

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.