Barclays PLC Purchases 116,251 Shares of Oceaneering International, Inc. (NYSE:OII)

Barclays PLC boosted its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 64.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296,721 shares of the oil and gas company's stock after purchasing an additional 116,251 shares during the quarter. Barclays PLC owned about 0.29% of Oceaneering International worth $7,740,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OII. R Squared Ltd purchased a new position in shares of Oceaneering International in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC boosted its holdings in shares of Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 3,157 shares during the last quarter. KBC Group NV increased its holdings in Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock worth $136,000 after buying an additional 2,192 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International during the 4th quarter worth approximately $156,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Oceaneering International in the third quarter valued at $202,000. 93.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OII. StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Barclays reduced their price target on 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. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, TD Cowen upped their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Oceaneering International presently has an average rating of "Hold" and an average price target of $28.25.

Oceaneering International Price Performance

NYSE:OII traded down $0.09 during midday trading on Friday, hitting $17.83. The company had a trading volume of 1,229,222 shares, compared to its average volume of 861,708. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock's fifty day moving average price is $19.87 and its 200-day moving average price is $24.10. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The company has a market capitalization of $1.80 billion, a PE ratio of 12.38 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.