OceaneeringOII
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 Q3 regulatory filings by fund managers ($100M+ AUM)
126% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 19
10% more funds holding
Funds holding: 234 [Q2] → 257 (+23) [Q3]
5% more capital invested
Capital invested by funds: $2.41B [Q2] → $2.52B (+$110M) [Q3]
0.51% less ownership
Funds ownership: 100.31% [Q2] → 99.8% (-0.51%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 98
73% less call options, than puts
Call options by funds: $661K | Put options by funds: $2.47M
75% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 1 (-3) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Citigroup Scott Gruber 53% 1-year accuracy 36 / 68 met price target | 12%upside $30 | Neutral Downgraded | 10 Jan 2025 |
TD Cowen Marc Bianchi 55% 1-year accuracy 18 / 33 met price target | 1%upside $27 | Hold Maintained | 8 Jan 2025 |
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 3%downside $26 | Equal-Weight Upgraded | 18 Dec 2024 |
Benchmark Kurt Hallead 33% 1-year accuracy 12 / 36 met price target | 27%upside $34 | Buy Reiterated | 25 Oct 2024 |
Financial journalist opinion
Based on 4 articles about OII published over the past 30 days
