Personal Capital Advisors Corp Raises Position in Oceaneering International (OII)

Personal Capital Advisors Corp increased its stake in shares of Oceaneering International (NYSE:OII) by 7.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 172,289 shares of the oil and gas company’s stock after buying an additional 11,989 shares during the period. Personal Capital Advisors Corp’s holdings in Oceaneering International were worth $4,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new position in Oceaneering International during the 3rd quarter worth about $413,000. Northern Trust Corp lifted its position in Oceaneering International by 82.3% during the 2nd quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock worth $39,661,000 after buying an additional 703,347 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Oceaneering International by 13.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,265,192 shares of the oil and gas company’s stock worth $32,212,000 after buying an additional 153,986 shares in the last quarter. Energy Opportunities Capital Management LLC lifted its position in Oceaneering International by 96.1% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 246,388 shares of the oil and gas company’s stock worth $6,273,000 after buying an additional 120,765 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. acquired a new position in Oceaneering International during the 2nd quarter worth about $229,000.

Shares of NYSE:OII opened at $25.39 on Thursday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -362.71 and a beta of 1.37. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $28.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.61 and a quick ratio of 2.17.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. The firm had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $448.96 million. Oceaneering International had a negative return on equity of 4.31% and a net margin of 4.83%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS. As a group, sell-side analysts expect that Oceaneering International will post -1.01 EPS for the current year.

Several brokerages recently issued reports on OII. Seaport Global Securities reiterated a “neutral” rating on shares of Oceaneering International in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Gabelli upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 30th. TheStreet upgraded shares of Oceaneering International from a “d+” rating to a “c” rating in a research report on Thursday, July 26th. Finally, Credit Suisse Group upped their price target on shares of Oceaneering International from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Oceaneering International has an average rating of “Hold” and a consensus price target of $24.92.

In other Oceaneering International news, Director T Jay Collins sold 16,750 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total transaction of $443,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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