Trexquant Investment LP Purchases 25,799 Shares of 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 increased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 35.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Several other hedge funds also recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in shares of Oceaneering International in the 1st quarter valued at $389,000. Keeley Teton Advisors LLC increased its stake in shares of Oceaneering International by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 30,547 shares of the oil and gas company's stock valued at $666,000 after acquiring an additional 8,150 shares in the last quarter. Old West Investment Management LLC increased its stake in shares of Oceaneering International by 338.7% in the 1st quarter. Old West Investment Management LLC now owns 263,200 shares of the oil and gas company's stock valued at $5,740,000 after acquiring an additional 203,200 shares in the last quarter. Walleye Capital LLC acquired a new stake in Oceaneering International in the 1st quarter valued at $394,000. Finally, AlphaQuest LLC grew its position in Oceaneering International by 443.7% in the 1st quarter. AlphaQuest LLC now owns 65,466 shares of the oil and gas company's stock valued at $1,428,000 after purchasing an additional 53,426 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 business's stock in a transaction dated 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 in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on OII. Wall Street Zen downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Barclays lifted their price target on shares of 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 equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Stock Performance

Shares of NYSE:OII traded down $0.65 during midday trading on Friday, reaching $24.03. The company had a trading volume of 543,816 shares, compared to its average volume of 583,263. The company's 50 day moving average price is $22.30 and its 200 day moving average price is $20.66. 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 $2.41 billion, a P/E ratio of 12.14 and a beta of 1.64. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. The company had revenue of $698.16 million for the quarter, compared to the consensus estimate of $676.81 million. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The firm's quarterly 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. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal 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.