Old West Investment Management LLC Takes $1.57 Million Position in Oceaneering International, Inc. (NYSE:OII)

Old West Investment Management LLC acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,000 shares of the oil and gas company's stock, valued at approximately $1,565,000. Old West Investment Management LLC owned approximately 0.06% of Oceaneering International at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Oceaneering International during the 4th quarter valued at $40,000. Smartleaf Asset Management LLC grew its position in Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 3,157 shares during the last quarter. KBC Group NV increased its stake in Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after purchasing an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Oceaneering International during the fourth quarter worth $156,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Oceaneering International during the third quarter valued at $202,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Performance

NYSE OII traded down $1.69 during mid-day trading on Thursday, reaching $16.39. 643,138 shares of the stock were exchanged, compared to its average volume of 855,461. The company has a market capitalization of $1.66 billion, a P/E ratio of 11.28 and a beta of 1.94. 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 business's 50 day moving average is $21.76 and its 200-day moving average is $24.78. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98.

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Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) 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 analysts' expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen raised their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Citigroup downgraded Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a report on Friday, January 10th. Barclays cut their price target 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 raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $28.25.

Oceaneering International Company Profile

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.