Renaissance Technologies LLC Buys 56,900 Shares of Oceaneering International, Inc. $OII

Renaissance Technologies LLC boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 202.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,000 shares of the oil and gas company’s stock after buying an additional 56,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Oceaneering International were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International during the 3rd quarter valued at about $28,000. Quarry LP purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,111 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International in the first quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Oceaneering International by 248.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 1,627 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 2.5%

Shares of Oceaneering International stock opened at $48.00 on Friday. 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 stock has a market cap of $4.78 billion, a price-to-earnings ratio of 13.79 and a beta of 1.15. The firm’s 50-day moving average is $41.86 and its two-hundred day moving average is $37.55. Oceaneering International, Inc. has a 1 year low of $21.03 and a 1 year high of $53.98.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, SVP Earl Childress sold 12,701 shares of the company’s stock in a transaction 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 in the company, valued at $1,068,537.96. This represents a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction 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 completion of the transaction, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 21,901 shares of company stock worth $985,554. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OII has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Barclays raised their price target on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. TD Cowen boosted their price objective 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. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.00.

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.