Oceaneering International, Inc. (NYSE:OII) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,838,772 shares of the oil and gas company’s stock after purchasing an additional 206,458 shares during the period. Loomis Sayles & Co. L P owned about 1.82% of Oceaneering International worth $45,730,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in shares of Oceaneering International by 46.6% in the first quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock worth $29,323,000 after buying an additional 398,209 shares during the last quarter. Earnest Partners LLC increased its position in shares of Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after purchasing an additional 1,105,263 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Oceaneering International by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after purchasing an additional 24,283 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Oceaneering International by 10.5% during the second quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company’s stock worth $6,759,000 after purchasing an additional 27,177 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Oceaneering International in the second quarter worth about $515,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Performance

OII stock opened at $29.80 on Tuesday. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $30.65. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 22.58 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The stock’s fifty day moving average is $26.06 and its two-hundred day moving average is $25.09.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that Oceaneering International, Inc. will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on OII shares. Barclays cut their price objective on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th.

Insider Activity

In other news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the transaction, the director now directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.