Geode Capital Management LLC Has $56.69 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Geode Capital Management LLC raised its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,279,039 shares of the oil and gas company's stock after purchasing an additional 26,328 shares during the period. Geode Capital Management LLC owned 2.26% of Oceaneering International worth $56,691,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OII. Congress Asset Management Co. bought a new stake in Oceaneering International in the third quarter worth $38,819,000. Earnest Partners LLC boosted its stake in shares of Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock worth $150,601,000 after acquiring an additional 1,105,263 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Oceaneering International by 101.6% in the 2nd quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company's stock valued at $13,015,000 after acquiring an additional 277,247 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Oceaneering International in the 3rd quarter worth approximately $6,106,000. Finally, American Century Companies Inc. boosted 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 purchasing an additional 239,701 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on OII. Benchmark reissued a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $22.00 to $26.00 in a report on Wednesday, December 18th.

Oceaneering International Stock Performance

OII stock traded up $0.24 on Monday, reaching $24.79. 551,426 shares of the company were exchanged, compared to its average volume of 822,164. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a 12 month low of $18.95 and a 12 month high of $30.98. The stock's fifty day moving average price is $26.74 and its 200 day moving average price is $25.66. The firm has a market capitalization of $2.51 billion, a PE ratio of 18.78 and a beta of 2.39.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $693.69 million. During the same period in the prior year, the company posted $0.38 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.4 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.