EFG Asset Management North America Corp. Raises Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

EFG Asset Management North America Corp. boosted its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 58.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,402 shares of the oil and gas company's stock after purchasing an additional 57,194 shares during the quarter. EFG Asset Management North America Corp. owned about 0.15% of Oceaneering International worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. 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 last quarter. Pathstone Holdings LLC raised its position in Oceaneering International by 18.2% during the third quarter. Pathstone Holdings LLC now owns 60,417 shares of the oil and gas company's stock valued at $1,503,000 after purchasing an additional 9,316 shares in the last quarter. Intech Investment Management LLC lifted its stake in Oceaneering International by 24.5% during the third quarter. Intech Investment Management LLC now owns 27,084 shares of the oil and gas company's stock worth $674,000 after purchasing an additional 5,332 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oceaneering International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,240,577 shares of the oil and gas company's stock worth $30,853,000 after purchasing an additional 15,678 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Oceaneering International by 23.1% during the 3rd quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company's stock valued at $2,487,000 after purchasing an additional 18,760 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have issued reports on OII shares. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Pickering Energy Partners downgraded shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Barclays reduced their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Finally, Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Oceaneering International currently has a consensus rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Trading Down 1.7 %

Shares of Oceaneering International stock traded down $0.37 during trading on Friday, reaching $21.60. 639,171 shares of the stock were exchanged, compared to its average volume of 846,585. 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 firm has a market cap of $2.17 billion, a price-to-earnings ratio of 15.00 and a beta of 2.42. Oceaneering International, Inc. has a 1 year low of $18.87 and a 1 year high of $30.98. The stock's fifty day moving average is $23.18 and its 200 day moving average is $25.18.

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 business had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

About Oceaneering International

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.