Trexquant Investment LP Has $2.16 Million Stock Holdings in Oceaneering International, Inc. $OII

Key Points

• Trexquant Investment LP increased its stake in Oceaneering International, Inc. by 35.2%, now holding 99,137 shares valued at approximately $2.16 million.
• Over 93% of Oceaneering's stock is owned by institutional investors, indicating significant interest from major funds.
• Oceaneering's stock price increased by 4.2% recently, with the company reporting earnings of $0.49 per share, surpassing analysts' expectations.

Trexquant Investment LP boosted its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,137 shares of the oil and gas company's stock after acquiring an additional 25,799 shares during the quarter. Trexquant Investment LP owned 0.10% of Oceaneering International worth $2,162,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OII. Brown Advisory Inc. increased its position in 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 valued at $142,767,000 after acquiring an additional 1,416,251 shares during the period. Nuveen LLC acquired a new stake in Oceaneering International in the 1st quarter valued at approximately $11,993,000. Cubist Systematic Strategies LLC acquired a new stake in Oceaneering International in the 4th quarter valued at approximately $8,490,000. American Century Companies Inc. increased its position in 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 valued at $67,907,000 after acquiring an additional 271,868 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Oceaneering International in the 1st quarter valued at approximately $5,039,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OII has been the topic of several analyst reports. Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Citigroup lifted their price target on Oceaneering International from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, 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. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.00.

Oceaneering International Price Performance

Shares of NYSE OII traded up $0.53 during mid-day trading on Wednesday, reaching $24.41. The company had a trading volume of 485,348 shares, compared to its average volume of 561,094. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.45 billion, a PE ratio of 12.33 and a beta of 1.64. The company has a 50-day moving average price of $22.48 and a two-hundred day moving average price of $20.70. 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 issued its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Insider Activity

In related news, CFO Alan R. Curtis sold 14,840 shares of Oceaneering International 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 transaction, the chief financial officer directly owned 155,259 shares in the company, valued at $3,782,109.24. The trade was a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.

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.