Tudor Investment Corp ET AL Grows Stock Holdings in Oceaneering International, Inc. $OII

Tudor Investment Corp ET AL lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 210.8% during the third quarter, HoldingsChannel.com reports. The fund owned 491,928 shares of the oil and gas company’s stock after buying an additional 333,666 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Oceaneering International were worth $12,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in shares of Oceaneering International in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Oceaneering International during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares in the last quarter. Quarry LP bought a new stake in Oceaneering International during the 3rd quarter valued at $30,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after buying an additional 1,000 shares during the period. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 0.3%

NYSE:OII opened at $35.47 on Monday. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $39.00. The stock has a market capitalization of $3.52 billion, a P/E ratio of 10.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.99. The company’s 50-day simple moving average is $34.15 and its 200-day simple moving average is $28.05.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The firm had revenue of $668.57 million during the quarter, compared to analyst estimates of $678.16 million. During the same quarter in the previous year, the business posted $0.37 EPS. Oceaneering International’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OII shares. Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Citigroup raised their target price on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Barclays boosted their price target on shares of Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Oceaneering International currently has a consensus rating of “Hold” and an average target price of $33.67.

Insiders Place Their Bets

In other news, Director Karen H. Beachy sold 9,800 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $366,618.00. Following the completion of the sale, the director owned 22,816 shares of the company’s stock, valued at $853,546.56. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Holly Kriendler sold 19,007 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.73, for a total value of $717,134.11. Following the transaction, the senior vice president owned 30,500 shares in the company, valued at approximately $1,150,765. This trade represents a 38.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 111,689 shares of company stock valued at $4,204,360. 2.10% of the stock is currently owned by company insiders.

Oceaneering International Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.