Federated Hermes Inc. grew its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 345.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,886 shares of the oil and gas company's stock after acquiring an additional 97,643 shares during the quarter. Federated Hermes Inc. owned 0.12% of Oceaneering International worth $3,283,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Oceaneering International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock worth $325,492,000 after purchasing an additional 69,337 shares during the last quarter. State Street Corp raised its holdings in Oceaneering International by 2.1% in the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after buying an additional 107,394 shares during the last quarter. American Century Companies Inc. raised its holdings in 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 buying an additional 355,290 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock worth $56,691,000 after buying an additional 26,328 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after buying an additional 267,230 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.
Oceaneering International Stock Performance
Shares of OII traded down $0.05 during trading hours on Tuesday, hitting $16.94. The stock had a trading volume of 605,582 shares, compared to its average volume of 855,872. The firm has a market capitalization of $1.71 billion, a PE ratio of 11.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The stock has a fifty day moving average price of $21.10 and a 200 day moving average price of $24.55.
Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million during the quarter, compared to analysts' expectations of $681.60 million. Analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on OII shares. Barclays decreased their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. TD Cowen increased their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. 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 report on Friday, January 10th. Finally, StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $28.25.
Check Out Our Latest Report on OII
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.
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