Oceaneering International (NYSE:OII) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in Oceaneering International (NYSE:OII) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,540 shares of the oil and gas company’s stock after selling 8,150 shares during the period. Foundry Partners LLC’s holdings in Oceaneering International were worth $78,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Oceaneering International in the 4th quarter valued at approximately $19,520,000. Franklin Resources Inc. raised its position in shares of Oceaneering International by 20.2% during the 4th quarter. Franklin Resources Inc. now owns 276,885 shares of the oil and gas company’s stock valued at $4,128,000 after acquiring an additional 46,465 shares in the last quarter. Eaton Vance Management raised its position in shares of Oceaneering International by 81.1% during the 4th quarter. Eaton Vance Management now owns 1,468,147 shares of the oil and gas company’s stock valued at $21,890,000 after acquiring an additional 657,474 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Oceaneering International by 42.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 33,900 shares of the oil and gas company’s stock valued at $505,000 after acquiring an additional 10,100 shares in the last quarter. Finally, CoreCommodity Management LLC raised its position in shares of Oceaneering International by 44.3% during the 4th quarter. CoreCommodity Management LLC now owns 39,354 shares of the oil and gas company’s stock valued at $587,000 after acquiring an additional 12,077 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

In other Oceaneering International news, Director M Kevin Mcevoy purchased 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $3.05 per share, with a total value of $91,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alan R. Curtis purchased 8,180 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $4.00 per share, with a total value of $32,720.00. Following the purchase, the chief financial officer now owns 99,265 shares of the company’s stock, valued at approximately $397,060. The disclosure for this purchase can be found here. In the last three months, insiders bought 82,780 shares of company stock valued at $285,442. Company insiders own 1.80% of the company’s stock.

Several equities research analysts recently issued reports on OII shares. ValuEngine raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 18th. Evercore ISI lowered Oceaneering International to a “hold” rating in a research report on Tuesday, March 17th. Sanford C. Bernstein raised Oceaneering International from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $9.90 to $4.00 in a research report on Monday, April 6th. Citigroup raised Oceaneering International from a “neutral” rating to a “buy” rating and upped their price target for the company from $4.00 to $7.00 in a research report on Friday, April 24th. Finally, Wolfe Research downgraded Oceaneering International from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Oceaneering International presently has an average rating of “Hold” and a consensus price target of $12.43.

Shares of OII opened at $5.27 on Friday. The stock has a fifty day moving average price of $4.13 and a 200 day moving average price of $10.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.78 and a current ratio of 2.37. Oceaneering International has a 12 month low of $2.01 and a 12 month high of $21.29.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, May 13th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.23. Oceaneering International had a negative return on equity of 5.05% and a negative net margin of 33.06%. The company had revenue of $536.67 million during the quarter, compared to analysts’ expectations of $540.52 million. During the same quarter in the prior year, the business posted ($0.24) earnings per share. On average, equities analysts forecast that Oceaneering International will post -0.71 EPS for the current fiscal year.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to 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.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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

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