Congress Wealth Management LLC DE Increases Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Congress Wealth Management LLC DE lifted its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 204,837 shares of the oil and gas company's stock after purchasing an additional 18,883 shares during the period. Congress Wealth Management LLC DE owned approximately 0.20% of Oceaneering International worth $5,342,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after acquiring an additional 355,290 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Oceaneering International by 191.7% in the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company's stock valued at $10,069,000 after purchasing an additional 253,705 shares during the period. Loomis Sayles & Co. L P grew its stake in Oceaneering International by 12.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company's stock worth $45,730,000 after purchasing an additional 206,458 shares in the last quarter. Congress Asset Management Co. increased its holdings in Oceaneering International by 11.2% during the 4th quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company's stock worth $45,283,000 after purchasing an additional 175,434 shares during the period. Finally, Barclays PLC increased its holdings in Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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Oceaneering International Stock Performance

Shares of Oceaneering International stock traded down $0.37 on Friday, hitting $21.60. The stock had a trading volume of 639,171 shares, compared to its average volume of 846,585. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 15.00 and a beta of 2.42. 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, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The company's 50 day moving average price is $23.18 and its 200 day moving average price is $25.20.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $713.45 million during the quarter, compared to analysts' expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lowered their price objective 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 cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a report on Friday, January 10th. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Pickering Energy Partners cut Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Finally, TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.25.

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.