Glenorchy Capital Ltd Sells 1,360 Shares of Oceaneering International, Inc. (NYSE:OII)

Glenorchy Capital Ltd lowered its stake in Oceaneering International, Inc. (NYSE:OII) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 77,477 shares of the oil and gas company’s stock after selling 1,360 shares during the period. Glenorchy Capital Ltd’s holdings in Oceaneering International were worth $1,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Isthmus Partners LLC lifted its stake in shares of Oceaneering International by 0.9% in the 2nd 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 bought a new position in Oceaneering International in the second quarter valued at about $38,000. EntryPoint Capital LLC raised its position in Oceaneering International by 105.2% in the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC grew its holdings in shares of Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,034 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Oceaneering International by 108.3% during the third 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 last quarter. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on OII shares. Barclays lifted their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Citigroup boosted their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, Benchmark restated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Thursday, July 25th.

Oceaneering International Stock Performance

Shares of OII stock opened at $24.09 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of 22.73 and a beta of 2.35. The business’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $24.55. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.72 and a quick ratio of 1.42. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The business had revenue of $668.81 million during the quarter, compared to analyst estimates of $656.87 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that Oceaneering International, Inc. will post 1.38 earnings per share for the current year.

Insider Activity

In related news, SVP Earl Childress sold 10,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the transaction, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at $1,473,920.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the sale, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at $1,473,920.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the transaction, the director now directly owns 28,229 shares in the company, valued at approximately $647,573.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock worth $585,413 in the last quarter. 2.30% of the stock is owned by corporate insiders.

About Oceaneering International

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.