Congress Asset Management Co. boosted its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,736,307 shares of the oil and gas company's stock after acquiring an additional 175,434 shares during the period. Congress Asset Management Co. owned 1.72% of Oceaneering International worth $45,283,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake 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 purchasing an additional 578 shares in the last quarter. HighTower Advisors LLC boosted its stake 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 purchasing an additional 687 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock valued at $3,090,000 after purchasing an additional 757 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Oceaneering International by 12.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company's stock worth $205,000 after acquiring an additional 840 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Oceaneering International in the fourth quarter worth about $40,000. Institutional investors own 93.93% of the company's stock.
Oceaneering International Stock Performance
NYSE OII traded down $0.45 during trading hours on Wednesday, hitting $25.24. The company's stock had a trading volume of 1,077,877 shares, compared to its average volume of 689,735. Oceaneering International, Inc. has a 12 month low of $19.68 and a 12 month high of $30.98. The company's 50 day simple moving average is $25.83 and its two-hundred day simple moving average is $26.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The company has a market cap of $2.55 billion, a P/E ratio of 19.12 and a beta of 2.38.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Benchmark reissued a "buy" rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Oceaneering International currently has a consensus rating of "Hold" and an average target price of $29.25.
View Our Latest Analysis on Oceaneering International
Oceaneering International Profile
(
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.
Further Reading
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