Fmr LLC Has $72.02 Million Stake in Oceaneering International, Inc. (NYSE:OII)

FMR LLC lifted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,895,960 shares of the oil and gas company's stock after acquiring an additional 36,593 shares during the quarter. FMR LLC owned approximately 2.87% of Oceaneering International worth $72,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Earnest Partners LLC increased its position in Oceaneering International by 21.0% during the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock worth $150,601,000 after buying an additional 1,105,263 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Oceaneering International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company's stock worth $64,003,000 after buying an additional 43,941 shares during the last quarter. American Century Companies Inc. increased its position in Oceaneering International by 13.4% during the second quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company's stock worth $47,849,000 after buying an additional 239,701 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Oceaneering International by 12.6% during the third 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 buying an additional 206,458 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in Oceaneering International during the third quarter worth $38,819,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OII has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Oceaneering International from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Thursday, October 31st. Benchmark restated a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th.

Oceaneering International Stock Performance

OII stock traded down $1.27 during mid-day trading on Friday, reaching $27.09. 863,500 shares of the stock traded hands, compared to its average volume of 678,008. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 52 week low of $18.67 and a 52 week high of $30.98. The business has a 50-day moving average of $26.77 and a two-hundred day moving average of $25.43. The firm has a market capitalization of $2.74 billion, a PE ratio of 20.52 and a beta of 2.39.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Insider Activity at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total transaction of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by corporate insiders.

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.