Boston Trust Walden Corp Makes New $10.90 Million Investment in Oceaneering International, Inc. $OII

Key Points

• Boston Trust Walden Corp invested approximately $10.90 million in Oceaneering International, acquiring 526,125 shares and holding 0.52% of the company.
• Oceaneering International reported an EPS of $0.49 for the last quarter, surpassing analysts' expectations of $0.42, with revenue of $698.16 million.
• The stock has a consensus rating of "Hold" with a target price of $27.00, following various analyst reviews including a downgrade and varying target adjustments.

Boston Trust Walden Corp bought a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 526,125 shares of the oil and gas company's stock, valued at approximately $10,901,000. Boston Trust Walden Corp owned 0.52% of Oceaneering International as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in shares of Oceaneering International by 11,380.8% during the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company's stock valued at $62,000 after acquiring an additional 2,959 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 711 shares during the last quarter. Vestcor Inc bought a new stake in shares of Oceaneering International during the 1st quarter valued at about $156,000. Strs Ohio bought a new stake in shares of Oceaneering International during the 1st quarter valued at about $168,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Oceaneering International by 9.1% during the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company's stock valued at $209,000 after acquiring an additional 840 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Performance

NYSE:OII opened at $22.23 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.00 and a quick ratio of 1.67. The business has a 50 day moving average of $23.77 and a 200 day moving average of $21.25. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.23 and a beta of 1.50. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. The business had revenue of $698.16 million for the quarter, compared to analysts' expectations of $676.81 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

OII has been the subject of a number of research analyst reports. Barclays lifted their price target on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Oceaneering International in a research report on Wednesday, October 8th. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Citigroup boosted their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $27.00.

Insider Buying and Selling

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of Oceaneering International stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the transaction, the chief financial officer directly owned 155,259 shares of the company's stock, valued at $3,782,109.24. The trade was a 8.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

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.

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