Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Fort Washington Investment Advisors Inc. OH grew its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 854,749 shares of the oil and gas company's stock after acquiring an additional 102,750 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.85% of Oceaneering International worth $22,292,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,905 shares during the period. Millburn Ridgefield Corp purchased a new position in shares of Oceaneering International during the 3rd quarter worth approximately $57,000. GAMMA Investing LLC lifted its holdings in shares of Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after buying an additional 1,412 shares during the period. CWM LLC lifted its holdings in Oceaneering International by 165.5% in the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company's stock valued at $172,000 after acquiring an additional 4,323 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Oceaneering International by 34.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company's stock worth $174,000 after purchasing an additional 1,800 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on OII. Benchmark reissued a "buy" rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Barclays upgraded Oceaneering International from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research report on Friday, January 10th. Pickering Energy Partners downgraded shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. Finally, TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.25.

Oceaneering International Price Performance

OII stock traded up $0.10 during trading on Thursday, hitting $26.46. The stock had a trading volume of 355,482 shares, compared to its average volume of 753,521. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 20.05 and a beta of 2.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The company's 50 day moving average price is $27.06 and its two-hundred day moving average price is $26.27. Oceaneering International, Inc. has a 1-year low of $19.68 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. During the same quarter last year, the business posted $0.38 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Oceaneering International, Inc. will post 1.37 EPS for the current fiscal year.

Oceaneering International 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.