ExodusPoint Capital Management LP Takes $512,000 Position in Oceaneering International, Inc. (NYSE:OII)

ExodusPoint Capital Management LP bought a new stake in Oceaneering International, Inc. (NYSE:OII - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,629 shares of the oil and gas company's stock, valued at approximately $512,000.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Oceaneering International in the 4th quarter valued at approximately $531,000. Stifel Financial Corp grew its position in shares of Oceaneering International by 51.8% in the third quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company's stock valued at $1,715,000 after purchasing an additional 23,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oceaneering International by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock valued at $33,869,000 after purchasing an additional 58,081 shares during the period. Barclays PLC lifted 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Oceaneering International by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after purchasing an additional 16,269 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Barclays lowered their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Oceaneering International currently has a consensus rating of "Hold" and an average target price of $28.25.

Oceaneering International Price Performance

Shares of NYSE OII traded down $0.05 during mid-day trading on Tuesday, reaching $16.94. 605,582 shares of the company were exchanged, compared to its average volume of 855,872. The stock has a market capitalization of $1.71 billion, a PE ratio of 11.76 and a beta of 1.94. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. The company's 50 day moving average price is $21.10 and its 200 day moving average price is $24.55.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Sell-side analysts forecast 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.