Oceaneering International, Inc. (NYSE:OII) Shares Sold by Roubaix Capital LLC

Roubaix Capital LLC trimmed its holdings in Oceaneering International, Inc. (NYSE:OII) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,015 shares of the oil and gas company’s stock after selling 12,032 shares during the period. Oceaneering International comprises approximately 2.5% of Roubaix Capital LLC’s holdings, making the stock its 16th largest holding. Roubaix Capital LLC’s holdings in Oceaneering International were worth $4,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Oceaneering International during the 2nd quarter valued at $38,000. EntryPoint Capital LLC lifted its position in shares of Oceaneering International by 105.2% during the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC grew its stake in Oceaneering International by 351.9% in 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 in the last quarter. GAMMA Investing LLC increased its holdings in Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,412 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Oceaneering International during the first quarter valued at approximately $105,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now directly owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Oceaneering International news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the sale, the senior vice president now directly owns 57,351 shares in the company, valued at approximately $1,473,920.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director M Kevin Mcevoy sold 9,675 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the transaction, the director now owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,975 shares of company stock valued at $585,413. Insiders own 1.30% of the company’s stock.

Oceaneering International Trading Down 0.1 %

NYSE:OII opened at $24.72 on Thursday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 18.73 and a beta of 2.35. The business has a 50 day simple moving average of $25.18 and a 200 day simple moving average of $24.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.42. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $30.45.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. Equities research analysts predict that Oceaneering International, Inc. will post 1.38 EPS for the current year.

Wall Street Analysts Forecast Growth

OII has been the subject of several research reports. Barclays lifted their target price on Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Citigroup lifted their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Benchmark reissued a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a report on Friday, October 25th.

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.