Charles Schwab Investment Management Inc. grew its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,298,658 shares of the oil and gas company's stock after purchasing an additional 58,081 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.29% of Oceaneering International worth $33,869,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Oceaneering International by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 510,880 shares of the oil and gas company's stock worth $12,706,000 after buying an additional 7,037 shares during the period. Atria Investments Inc increased its stake in shares of Oceaneering International by 77.5% in the third quarter. Atria Investments Inc now owns 19,358 shares of the oil and gas company's stock worth $481,000 after acquiring an additional 8,453 shares during the period. Entropy Technologies LP purchased a new position in shares of Oceaneering International during the third quarter worth $239,000. Empowered Funds LLC raised its holdings in shares of Oceaneering International by 5.3% during the third quarter. Empowered Funds LLC now owns 117,709 shares of the oil and gas company's stock worth $2,927,000 after purchasing an additional 5,909 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Oceaneering International by 8.0% during the third quarter. Natixis Advisors LLC now owns 36,045 shares of the oil and gas company's stock valued at $896,000 after purchasing an additional 2,657 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have weighed in on OII shares. Barclays reduced their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. Pickering Energy Partners cut Oceaneering International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 14th. TD Cowen upped their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.25.
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Oceaneering International Price Performance
OII stock traded up $0.19 during midday trading on Thursday, reaching $21.75. The stock had a trading volume of 498,824 shares, compared to its average volume of 810,198. Oceaneering International, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 15.14 and a beta of 2.42. The company's fifty day simple moving average is $23.83 and its 200 day simple moving average is $25.31. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.
Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The business had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.
Oceaneering International Profile
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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.
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