FIL Ltd Takes Position in Oceaneering International, Inc. (NYSE:OII)

FIL Ltd acquired a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 723,300 shares of the oil and gas company's stock, valued at approximately $18,864,000. FIL Ltd owned 0.72% of Oceaneering International as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in shares of Oceaneering International by 3.9% during 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 during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Oceaneering International by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock valued at $286,000 after buying an additional 687 shares during the last quarter. Stifel Financial Corp lifted its stake in Oceaneering International by 51.8% in the third quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company's stock valued at $1,715,000 after acquiring an additional 23,512 shares during the last quarter. State Street Corp boosted its holdings in Oceaneering International by 2.1% in the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after purchasing an additional 107,394 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Oceaneering International by 5.4% in the 3rd quarter. Jane Street Group LLC now owns 130,145 shares of the oil and gas company's stock worth $3,237,000 after purchasing an additional 6,630 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently commented on OII. Barclays cut their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. TD Cowen upped their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. Finally, StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.25.

Oceaneering International Price Performance

OII traded down $0.05 during midday trading on Tuesday, hitting $16.94. The stock had a trading volume of 605,582 shares, compared to its average volume of 855,133. The company has a market cap of $1.71 billion, a P/E ratio of 11.76 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. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The business has a fifty day moving average of $21.25 and a 200 day moving average of $24.61.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results 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 during 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%. As a group, equities analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

About Oceaneering International

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.