Teacher Retirement System of Texas acquired a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,360 shares of the oil and gas company's stock, valued at approximately $531,000.
Several other large investors have also modified their holdings of OII. Charles Schwab Investment Management Inc. grew its stake in shares of Oceaneering International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,240,577 shares of the oil and gas company's stock worth $30,853,000 after acquiring an additional 15,678 shares during the last quarter. FMR LLC raised its position in shares of Oceaneering International by 1.3% during the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company's stock valued at $72,023,000 after buying an additional 36,593 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Oceaneering International by 74.6% in the third quarter. BNP Paribas Financial Markets now owns 60,126 shares of the oil and gas company's stock valued at $1,495,000 after buying an additional 25,692 shares during the period. Townsquare Capital LLC acquired a new stake in Oceaneering International during the third quarter worth about $2,080,000. Finally, Captrust Financial Advisors raised its holdings in Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after acquiring an additional 578 shares in the last quarter. 93.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. Barclays lowered their target price on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday. TD Cowen increased their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $28.25.
Get Our Latest Stock Analysis on Oceaneering International
Oceaneering International Trading Down 12.9 %
OII traded down $2.54 during mid-day trading on Friday, reaching $17.10. The stock had a trading volume of 1,814,238 shares, compared to its average volume of 845,125. The stock has a market capitalization of $1.72 billion, a P/E ratio of 11.87 and a beta of 2.42. Oceaneering International, Inc. has a 52 week low of $16.68 and a 52 week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm's fifty day simple moving average is $22.59 and its two-hundred day simple moving average is $25.08.
Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. On average, equities analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.
Oceaneering International Profile
(
Free Report)
Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.
Further Reading
Before you consider Oceaneering International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oceaneering International wasn't on the list.
While Oceaneering International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
