Fort Washington Investment Advisors Inc. OH Increases Stake in Oceaneering International, Inc. $OII

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Oceaneering International, Inc. by 15.2%, now owning approximately 1.13% of the company with a value of $23.5 million.
• Oceaneering International reported a quarterly EPS of $0.49, exceeding expectations and a revenue of $698.16 million, marking a 4.5% year-over-year growth.
• Institutional investors and hedge funds collectively own 93.93% of Oceaneering International's stock, highlighting strong institutional interest.

Fort Washington Investment Advisors Inc. OH increased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,134,244 shares of the oil and gas company's stock after acquiring an additional 149,702 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 1.13% of Oceaneering International worth $23,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Oceaneering International by 10.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,599 shares of the oil and gas company's stock valued at $4,188,000 after purchasing an additional 14,822 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Oceaneering International by 87.9% in the fourth quarter. Mackenzie Financial Corp now owns 18,087 shares of the oil and gas company's stock valued at $472,000 after acquiring an additional 8,459 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Oceaneering International during the fourth quarter valued at about $475,000. Central Pacific Bank Trust Division increased its stake in Oceaneering International by 17.6% during the first quarter. Central Pacific Bank Trust Division now owns 9,230 shares of the oil and gas company's stock worth $201,000 after acquiring an additional 1,380 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Oceaneering International by 2,729.0% in the 1st quarter. GAMMA Investing LLC now owns 67,698 shares of the oil and gas company's stock worth $1,476,000 after purchasing an additional 65,305 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $25.64 on Monday. The company has a market cap of $2.57 billion, a PE ratio of 12.95 and a beta of 1.64. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm has a 50-day simple moving average of $23.34 and a 200 day simple moving average of $21.05. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57.

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

Insider Buying and Selling

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 155,259 shares of the company's stock, valued at $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OII. Citigroup boosted their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Barclays lifted their target price on shares of Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Oceaneering International has a consensus rating of "Hold" and a consensus price target of $27.00.

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.

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