Cubist Systematic Strategies LLC Takes Position in Oceaneering International, Inc. (OII)

Cubist Systematic Strategies LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,552 shares of the oil and gas company’s stock, valued at approximately $881,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation bought a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $100,000. Quantbot Technologies LP bought a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $103,000. Pacad Investment Ltd. increased its position in shares of Oceaneering International by 231.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,700 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Oceaneering International by 121.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 2,865 shares during the last quarter. Finally, World Asset Management Inc bought a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $201,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Paul B. Murphy, Jr. sold 2,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the transaction, the director now owns 16,600 shares of the company’s stock, valued at approximately $437,244. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Oceaneering International, Inc. (OII) opened at $20.55 on Friday. The company has a market capitalization of $1,972.46, a price-to-earnings ratio of 669.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International, Inc. has a 12-month low of $17.11 and a 12-month high of $30.62.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The business had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same period last year, the company earned $0.17 EPS. The business’s revenue was down 13.3% compared to the same quarter last year. equities research analysts expect that Oceaneering International, Inc. will post -0.09 earnings per share for the current fiscal year.

Several research firms have recently weighed in on OII. Capital One Financial downgraded Oceaneering International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Tudor Pickering raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Oceaneering International in a research report on Monday, October 30th. Finally, Societe Generale downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.03.

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Oceaneering International Company Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

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

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