Oceaneering International, Inc. $OII Shares Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its position in Oceaneering International by 161.7% in Q1, owning 79,770 shares valued at $1.74 million after purchasing an additional 49,290 shares.
• Insider trading revealed that CFO Alan R. Curtis sold 14,840 shares at an average price of $24.36, decreasing their ownership by 8.72%.
• Analysts have mixed views on Oceaneering International, with one cutting the rating from "buy" to "hold", while Barclays increased the price target to $22.00.

Graham Capital Management L.P. boosted its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 161.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,770 shares of the oil and gas company's stock after buying an additional 49,290 shares during the quarter. Graham Capital Management L.P. owned approximately 0.08% of Oceaneering International worth $1,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Advisory Inc. lifted its holdings in shares of Oceaneering International by 27.6% in the 1st quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company's stock worth $142,767,000 after buying an additional 1,416,251 shares during the period. American Century Companies Inc. lifted its holdings in shares of Oceaneering International by 9.6% in the 1st quarter. American Century Companies Inc. now owns 3,113,578 shares of the oil and gas company's stock worth $67,907,000 after buying an additional 271,868 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Oceaneering International by 3.1% in the 1st quarter. Congress Asset Management Co. now owns 1,790,545 shares of the oil and gas company's stock worth $39,052,000 after buying an additional 54,238 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oceaneering International by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,331,297 shares of the oil and gas company's stock worth $29,036,000 after buying an additional 32,639 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Oceaneering International by 19.4% in the 4th quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company's stock worth $32,102,000 after buying an additional 200,183 shares during the period. Institutional investors own 93.93% of the company's stock.

Insider Transactions at Oceaneering International

In related news, CFO Alan R. Curtis sold 14,840 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total transaction 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. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OII. Barclays upped their target price on Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One 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 currently has an average rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Stock Down 2.6%

Shares of Oceaneering International stock traded down $0.65 on Friday, reaching $24.03. The stock had a trading volume of 543,816 shares, compared to its average volume of 583,263. The company has a 50 day moving average price of $22.30 and a 200 day moving average price of $20.66. 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, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The stock has a market capitalization of $2.41 billion, a P/E ratio of 12.14 and a beta of 1.64.

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

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.