Gamco Investors INC. ET AL Increases Holdings in Oceaneering International, Inc. (NYSE:OII)

Gamco Investors INC. ET AL grew its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 371,040 shares of the oil and gas company's stock after purchasing an additional 26,750 shares during the quarter. Gamco Investors INC. ET AL owned 0.37% of Oceaneering International worth $9,677,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Oceaneering International during the fourth quarter worth $40,000. Smartleaf Asset Management LLC grew its position in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 3,157 shares in the last quarter. KBC Group NV raised its holdings in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after acquiring an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Oceaneering International in the fourth quarter worth approximately $156,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Oceaneering International in the 3rd quarter valued at approximately $202,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Oceaneering International Stock Performance

Oceaneering International stock traded up $0.60 during midday trading on Friday, hitting $17.87. 570,925 shares of the company's stock were exchanged, compared to its average volume of 856,688. The firm's 50 day simple moving average is $20.64 and its 200 day simple moving average is $24.40. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. 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 stock has a market cap of $1.81 billion, a price-to-earnings ratio of 12.41 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Equities research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current 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.