Nomura Holdings Inc. Makes New $424,000 Investment in Oceaneering International, Inc. $OII

Key Points

• Nomura Holdings Inc. acquired 19,456 shares of Oceaneering International, Inc., totaling approximately $424,000 in value, as disclosed in their recent 13F filing.
• Institutional investors currently hold 93.93% of Oceaneering's stock, with multiple hedge funds increasing their stakes in the company recently.
• Oceaneering reported a quarterly earnings per share (EPS) of $0.49, surpassing the consensus estimate of $0.42, and anticipated an EPS of 1.78 for the current year.

Nomura Holdings Inc. bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,456 shares of the oil and gas company's stock, valued at approximately $424,000.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its position in Oceaneering International by 29.7% during the first quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 711 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Oceaneering International by 191.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 2,131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Oceaneering International during the 4th quarter worth approximately $119,000. Vestcor Inc purchased a new stake in shares of Oceaneering International in the first quarter valued at approximately $156,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $200,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oceaneering International

In related news, CFO Alan R. Curtis sold 14,840 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total transaction of $361,502.40. Following the completion of the transaction, the chief financial officer owned 155,259 shares of the company's stock, valued at approximately $3,782,109.24. This trade represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OII. Barclays lifted their price objective on Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Oceaneering International currently has an average rating of "Hold" and a consensus price target of $28.25.

Oceaneering International Trading Down 2.6%

Shares of Oceaneering International stock traded down $0.65 during trading hours on Friday, hitting $24.03. The company's stock had a trading volume of 543,816 shares, compared to its average volume of 583,263. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 12.14 and a beta of 1.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The firm has a fifty day moving average of $22.30 and a 200-day moving average of $20.66.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $698.16 million for the quarter, compared to analyst estimates of $676.81 million. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. Oceaneering International's 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. Research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Oceaneering International 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.