Fisher Asset Management LLC Has $10.07 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Fisher Asset Management LLC raised its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 191.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 386,068 shares of the oil and gas company's stock after buying an additional 253,705 shares during the period. Fisher Asset Management LLC owned about 0.38% of Oceaneering International worth $10,069,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OII. Creative Planning boosted its position in Oceaneering International by 43.1% in the 3rd quarter. Creative Planning now owns 12,522 shares of the oil and gas company's stock valued at $311,000 after buying an additional 3,771 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock valued at $49,000 after buying an additional 1,905 shares during the last quarter. Principal Financial Group Inc. boosted its position in Oceaneering International by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 510,880 shares of the oil and gas company's stock valued at $12,706,000 after buying an additional 7,037 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in Oceaneering International in the 3rd quarter valued at $6,106,000. Finally, Atria Investments Inc boosted its position in shares of Oceaneering International by 77.5% in the 3rd quarter. Atria Investments Inc now owns 19,358 shares of the oil and gas company's stock worth $481,000 after purchasing an additional 8,453 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

OII has been the topic of several recent research reports. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research report on Friday, January 10th. Pickering Energy Partners lowered Oceaneering International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 14th. TD Cowen raised 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. Finally, Barclays reduced their price target on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Oceaneering International currently has an average rating of "Hold" and a consensus price target of $28.25.

Oceaneering International Trading Up 3.8 %

OII stock traded up $0.73 during midday trading on Friday, hitting $19.95. 1,389,346 shares of the company's stock were exchanged, compared to its average volume of 838,467. The stock's fifty day moving average price is $25.02 and its 200-day moving average price is $25.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market cap of $2.01 billion, a PE ratio of 13.86 and a beta of 2.42. Oceaneering International, Inc. has a one year low of $19.01 and a one year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share 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 business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Research analysts predict 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.