Oceaneering
About: Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.
Employees: 10,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 4 (+2) [Q2]
1% more funds holding
Funds holding: 230 [Q1] → 233 (+3) [Q2]
10% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 31
9% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 80
4% more capital invested
Capital invested by funds: $2.27B [Q1] → $2.37B (+$101M) [Q2]
0.4% more ownership
Funds ownership: 98.29% [Q1] → 98.69% (+0.4%) [Q2]
70% less call options, than puts
Call options by funds: $1.34M | Put options by funds: $4.5M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays David Anderson 33% 1-year accuracy 10 / 30 met price target | 4%downside $24 | Underweight Maintained | 31 Jul 2024 |
Benchmark Kurt Hallead 14% 1-year accuracy 3 / 22 met price target | 36%upside $34 | Buy Reiterated | 25 Jul 2024 |