Alps Advisors Inc. Invests $596,000 in Oceaneering International (OII)

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Alps Advisors Inc. purchased a new position in Oceaneering International (NYSE:OII) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,260 shares of the oil and gas company’s stock, valued at approximately $596,000.

Several other large investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in shares of Oceaneering International by 4.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,588 shares of the oil and gas company’s stock worth $201,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System increased its position in Oceaneering International by 1.1% during the fourth quarter. Arizona State Retirement System now owns 70,721 shares of the oil and gas company’s stock worth $856,000 after purchasing an additional 758 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Oceaneering International by 21.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the oil and gas company’s stock worth $82,000 after purchasing an additional 1,189 shares during the last quarter. Teachers Advisors LLC increased its position in Oceaneering International by 0.6% during the third quarter. Teachers Advisors LLC now owns 366,955 shares of the oil and gas company’s stock worth $10,128,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its position in Oceaneering International by 3.4% during the third quarter. Marshall Wace North America L.P. now owns 75,656 shares of the oil and gas company’s stock worth $2,088,000 after purchasing an additional 2,519 shares during the last quarter.

In related news, VP David K. Lawrence purchased 2,500 shares of the company’s stock in a transaction on Friday, December 28th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $29,975.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alan R. Curtis purchased 5,000 shares of the company’s stock in a transaction on Friday, December 21st. The shares were bought at an average price of $11.50 per share, with a total value of $57,500.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays cut their price objective on shares of Oceaneering International from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, October 29th. TheStreet cut shares of Oceaneering International from a “c-” rating to a “d+” rating in a research report on Tuesday, November 20th. Finally, Citigroup set a $21.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.42.

Oceaneering International stock opened at $15.46 on Thursday. Oceaneering International has a 12-month low of $10.74 and a 12-month high of $28.62. The stock has a market cap of $1.50 billion, a P/E ratio of -220.86 and a beta of 2.02. The company has a quick ratio of 2.10, a current ratio of 2.50 and a debt-to-equity ratio of 0.52.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, February 13th. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.33. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. The business had revenue of $495.10 million during the quarter, compared to analysts’ expectations of $488.12 million. During the same period last year, the business earned ($0.08) earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Oceaneering International will post -1.1 earnings per share for the current year.

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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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