Tudor Investment Corp ET AL Boosts Stock Position in Oceaneering International, Inc. $OII

Tudor Investment Corp ET AL increased its holdings in Oceaneering International, Inc. (NYSE:OII) by 210.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 491,928 shares of the oil and gas company’s stock after purchasing an additional 333,666 shares during the period. Tudor Investment Corp ET AL owned approximately 0.49% of Oceaneering International worth $12,190,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OII. Salomon & Ludwin LLC purchased a new position in shares of Oceaneering International in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Oceaneering International by 335.6% in 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 acquiring an additional 1,111 shares during the last quarter. Quarry LP purchased a new position in Oceaneering International in the third quarter worth about $30,000. Finally, SBI Securities Co. Ltd. grew its position in Oceaneering International by 255.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other Oceaneering International news, SVP Holly Kriendler sold 19,007 shares of the company’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 of the company’s stock, valued at $1,150,765. This represents a 38.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Benjamin Laura sold 33,176 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.51, for a total value of $1,244,431.76. Following the completion of the sale, the chief operating officer owned 45,911 shares in the company, valued at approximately $1,722,121.61. The trade was a 41.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,689 shares of company stock worth $4,204,360 over the last quarter. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OII has been the topic of a number of recent research reports. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research cut Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup boosted their target price on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Barclays raised their price target on Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, TD Cowen lifted their price objective on shares of Oceaneering International from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and an average target price of $33.67.

Oceaneering International Stock Down 0.3%

Shares of NYSE OII opened at $35.47 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.72. The company has a market cap of $3.52 billion, a P/E ratio of 10.13 and a beta of 1.18. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $39.00. The firm has a 50-day simple moving average of $34.15 and a two-hundred day simple moving average of $28.05.

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

Oceaneering International Company 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.