Deutsche Bank AG Takes $4.24 Million Position in Oceaneering International, Inc. $OII

Key Points

• Deutsche Bank AG acquired 104,689 shares of Oceaneering International in the second quarter, worth approximately $4.24 million and representing about 0.11% of the company. Institutional investors collectively own 93.93% of OII.
• Analysts maintain a largely cautious outlook, with one Buy rating and four Hold ratings. The consensus rating is Hold, with an average price target of $45, below the reported share price of $50.08.
• Oceaneering exceeded quarterly expectations, reporting $0.63 in EPS versus a $0.46 estimate and revenue of $768.18 million, up 10% year over year. Meanwhile, insiders sold 26,901 shares worth approximately $1.28 million over the past three months.

Deutsche Bank AG bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 104,689 shares of the oil and gas company's stock, valued at approximately $4,242,000. Deutsche Bank AG owned approximately 0.11% of Oceaneering International as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lido Advisors LLC boosted its holdings in Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company's stock worth $299,000 after buying an additional 335 shares during the last quarter. CSM Advisors LLC lifted its position in shares of Oceaneering International by 3.1% in the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company's stock valued at $359,000 after acquiring an additional 428 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Oceaneering International by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company's stock valued at $470,000 after acquiring an additional 545 shares in the last quarter. State of Wyoming boosted its stake in shares of Oceaneering International by 5.8% in the fourth quarter. State of Wyoming now owns 11,299 shares of the oil and gas company's stock worth $272,000 after acquiring an additional 621 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Oceaneering International by 0.7% during the second quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company's stock worth $1,934,000 after purchasing an additional 634 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OII has been the subject of several recent research reports. Citigroup increased their price objective on Oceaneering International from $40.00 to $52.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Barclays raised their price target on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. TD Cowen upped their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a "hold" rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered Oceaneering International from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.00.

Oceaneering International Trading Down 0.7%

Shares of OII stock opened at $50.08 on Wednesday. Oceaneering International, Inc. has a 1-year low of $22.02 and a 1-year high of $54.25. The firm has a market cap of $4.98 billion, a PE ratio of 14.39 and a beta of 1.15. The company has a 50-day moving average of $45.03 and a two-hundred day moving average of $39.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.46 by $0.17. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The firm had revenue of $768.18 million for the quarter, compared to analyst estimates of $735.69 million. During the same period in the prior year, the business posted $0.49 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts predict that Oceaneering International, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Oceaneering International

In related news, Director Paul B. Murphy, Jr. sold 10,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $48.37, for a total value of $483,700.00. Following the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. The trade was a 12.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Earl Childress sold 12,701 shares of the business's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the sale, the senior vice president owned 22,876 shares in the company, valued at $1,068,537.96. This trade represents a 35.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,901 shares of company stock valued at $1,277,904. Corporate insiders own 1.30% of the company's stock.

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.

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