Beacon Harbor Wealth Advisors Inc. Takes Position in Oceaneering International, Inc. (NYSE:OII)

Beacon Harbor Wealth Advisors Inc. acquired a new position in Oceaneering International, Inc. (NYSE:OII) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 245,519 shares of the oil and gas company’s stock, valued at approximately $6,106,000. Beacon Harbor Wealth Advisors Inc. owned 0.24% of Oceaneering International as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OII. Wedge Capital Management L L P NC boosted its stake in shares of Oceaneering International by 0.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 66,685 shares of the oil and gas company’s stock worth $1,578,000 after acquiring an additional 450 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Oceaneering International by 0.4% during the first quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock valued at $2,957,000 after purchasing an additional 465 shares during the period. Arizona State Retirement System grew its holdings in Oceaneering International by 2.0% during the second quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company’s stock valued at $668,000 after purchasing an additional 540 shares during the period. Bleakley Financial Group LLC increased its position in Oceaneering International by 5.4% in the first quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock worth $284,000 after buying an additional 628 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Oceaneering International by 5.2% in the first quarter. Shell Asset Management Co. now owns 15,086 shares of the oil and gas company’s stock worth $353,000 after buying an additional 749 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

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

Oceaneering International Stock Performance

NYSE OII opened at $28.22 on Friday. The business has a 50-day moving average price of $25.10 and a 200-day moving average price of $24.66. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 21.38 and a beta of 2.35. Oceaneering International, Inc. has a twelve month low of $18.67 and a twelve month high of $30.45. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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 company had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. During the same period last year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OII. Barclays cut their price objective on Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th.

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.