Oppenheimer Asset Management Inc. Purchases New Shares in Oceaneering International, Inc. $OII

Oppenheimer Asset Management Inc. purchased a new position in Oceaneering International, Inc. (NYSE:OII) during the second quarter, Holdings Channel.com reports. The firm purchased 70,143 shares of the oil and gas company’s stock, valued at approximately $2,842,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Oceaneering International during the third quarter valued at about $28,000. Quarry LP acquired a new position in shares of Oceaneering International in the third quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in shares of Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Oceaneering International in the first quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 1,627 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

OII has been the subject of several research analyst reports. TD Cowen upped their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Citigroup lifted their price objective on shares of Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays increased their target price on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

Insider Activity

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the transaction, the chief executive officer owned 397,279 shares in the company, valued at approximately $15,203,867.33. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Earl Childress sold 12,701 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the sale, the senior vice president owned 22,876 shares of the company’s stock, valued at approximately $1,068,537.96. The trade was a 35.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,901 shares of company stock valued at $1,469,254 in the last three months. 1.30% of the stock is currently owned by insiders.

Oceaneering International Price Performance

NYSE OII opened at $52.08 on Friday. The company has a 50 day simple moving average of $43.16 and a 200-day simple moving average of $38.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.97 and a beta of 1.15. Oceaneering International, Inc. has a 52-week low of $22.02 and a 52-week high of $53.98.

About Oceaneering International

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.