Barclays PLC Acquires 138,931 Shares of Oceaneering International, Inc. (NYSE:OII)

Barclays PLC increased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 334.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 180,470 shares of the oil and gas company's stock after buying an additional 138,931 shares during the quarter. Barclays PLC owned 0.18% of Oceaneering International worth $4,489,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. purchased a new position in Oceaneering International in the third quarter valued at about $38,819,000. Earnest Partners LLC raised its holdings in shares of Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock worth $150,601,000 after purchasing an additional 1,105,263 shares during the period. Victory Capital Management Inc. lifted its stake in Oceaneering International by 101.6% in the second quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company's stock valued at $13,015,000 after purchasing an additional 277,247 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in Oceaneering International during the third quarter valued at $6,106,000. Finally, American Century Companies Inc. increased its position in Oceaneering International by 13.4% in the second quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company's stock worth $47,849,000 after buying an additional 239,701 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Price Performance

Shares of OII stock traded up $0.31 during trading on Friday, hitting $24.55. The company had a trading volume of 2,292,909 shares, compared to its average volume of 823,265. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 52 week low of $18.95 and a 52 week high of $30.98. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 18.60 and a beta of 2.39. The stock's 50-day moving average is $26.74 and its two-hundred day moving average is $25.62.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business had revenue of $679.81 million for the quarter, compared to analysts' expectations of $693.69 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts predict that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OII has been the topic of a number of recent research reports. Benchmark reaffirmed a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Barclays raised shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $22.00 to $26.00 in a report on Wednesday.

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.