Goehring & Rozencwajg Associates LLC Purchases 144,852 Shares of Oceaneering International, Inc. $OII

Goehring & Rozencwajg Associates LLC boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 25.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 713,586 shares of the oil and gas company’s stock after buying an additional 144,852 shares during the period. Oceaneering International makes up approximately 1.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 23rd largest position. Goehring & Rozencwajg Associates LLC’s holdings in Oceaneering International were worth $25,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OII. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its stake in 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 valued at $30,000 after acquiring an additional 1,111 shares during the last quarter. Quarry LP bought a new position in Oceaneering International in the third quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Oceaneering International during the first quarter valued at approximately $53,000. Finally, Hantz Financial Services Inc. raised its position in 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 purchasing an additional 1,627 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the sale, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays raised their target price on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Finally, TD Cowen raised their price objective on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.33.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $42.74 on Thursday. Oceaneering International, Inc. has a one year low of $20.21 and a one year high of $44.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 12.68 and a beta of 1.15. The firm has a 50 day simple moving average of $38.74 and a 200 day simple moving average of $35.04.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $692.43 million for the quarter, compared to the consensus estimate of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Research analysts predict that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal 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.