Oceaneering International, Inc. (NYSE:OII) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 129,320 shares of the oil and gas company’s stock after selling 9,675 shares during the period. Concurrent Investment Advisors LLC’s holdings in Oceaneering International were worth $3,216,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. F M Investments LLC increased its position in shares of Oceaneering International by 34.5% in the third quarter. F M Investments LLC now owns 299,808 shares of the oil and gas company’s stock valued at $7,457,000 after buying an additional 76,917 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,905 shares in the last quarter. Congress Asset Management Co. acquired a new stake in Oceaneering International in the 3rd quarter worth about $38,819,000. Inspire Advisors LLC purchased a new stake in Oceaneering International during the 3rd quarter worth approximately $210,000. Finally, Creative Planning increased its position in shares of Oceaneering International by 43.1% during the third quarter. Creative Planning now owns 12,522 shares of the oil and gas company’s stock worth $311,000 after purchasing an additional 3,771 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of OII opened at $29.00 on Thursday. The firm has a 50-day simple moving average of $25.04 and a two-hundred day simple moving average of $24.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a 1-year low of $18.67 and a 1-year high of $30.45. The stock has a market cap of $2.93 billion, a PE ratio of 21.91 and a beta of 2.35.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts forecast that Oceaneering International, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the sale, the director now directly owns 141,837 shares in the company, valued at $3,704,782.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now directly owns 28,229 shares in the company, valued at $647,573.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the sale, the director now owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on OII. Benchmark reissued a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th. Barclays reduced their price target on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st.

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.