Highlights
Institutional investors have increased their positions in Oceaneering International, Inc. (NYSE:OII) in recent months.
Several firms acquired or expanded their holdings, highlighting continued interest in the company.
Oceaneering International operates in the oil and gas sector, providing subsea engineering and services.
Institutional Holdings in Oceaneering International
Institutional interest in Oceaneering International (NYSE:OII) has seen significant growth, with KBC Group NV recently increasing its holdings. According to a filing with the Securities and Exchange Commission (SEC), KBC Group NV boosted its position in the company by acquiring an additional 2,192 shares, bringing its total ownership to 5,210 shares. The valuation of these holdings stood at $136,000 at the time of the filing.
Recent Acquisitions by Institutional Investors
Several other institutional investors have also adjusted their positions in Oceaneering International. Farther Finance Advisors LLC notably expanded its stake by 3,594.3% during the third quarter. This firm now holds 1,958 shares, marking a considerable increase from its prior holdings. Similarly, Millburn Ridgefield Corp entered into a new position, adding to the growing list of institutional participants in the company.
GAMMA Investing LLC also saw a substantial increase in its holdings, expanding its position by 108.3% in the third quarter. The firm now owns 2,716 shares, reflecting sustained interest in the oil and gas service provider. Meanwhile, CWM LLC raised its stake by 165.5%, adding 4,323 shares to its portfolio and reaching a total of 6,935 shares.
Broader Institutional Interest and Shareholder Distribution
SG Americas Securities LLC also demonstrated confidence in Oceaneering International by increasing its position by 49.7% in the third quarter. With the acquisition of an additional 2,483 shares, the firm now holds 7,484 shares in the company. These moves underscore the broader trend of institutional participation in the oil and gas sector.
Overall, institutional investors collectively hold a dominant 93.93% of Oceaneering International, indicating substantial interest from financial firms. This level of ownership suggests that major institutions are actively engaging with the company, reflecting their ongoing involvement in the sector.