B. Riley Wealth Advisors Inc. Invests $202,000 in Oceaneering International, Inc. (NYSE:OII)

B. Riley Wealth Advisors Inc. purchased a new stake in shares of Oceaneering International, Inc. (NYSE:OII) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,124 shares of the oil and gas company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Isthmus Partners LLC increased its position in Oceaneering International by 0.9% during the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Oceaneering International during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC grew its holdings in Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in Oceaneering International in the 3rd quarter worth about $57,000. Finally, GAMMA Investing LLC raised its position in Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,412 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on OII. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Price Performance

Shares of OII stock opened at $24.55 on Monday. The company has a market capitalization of $2.48 billion, a P/E ratio of 18.60 and a beta of 2.39. The company’s 50-day simple moving average is $26.74 and its two-hundred day simple moving average is $25.62. Oceaneering International, Inc. has a one year low of $18.95 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The firm 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%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. As a group, equities analysts anticipate that Oceaneering International, Inc. will post 1.4 EPS for the current year.

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.