Oceaneering International, Inc. (NYSE:OII) Shares Bought by Greenhouse Funds LLLP

Greenhouse Funds LLLP raised its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,689,795 shares of the oil and gas company's stock after purchasing an additional 244,362 shares during the quarter. Oceaneering International comprises 2.9% of Greenhouse Funds LLLP's investment portfolio, making the stock its 19th biggest position. Greenhouse Funds LLLP owned 2.66% of Oceaneering International worth $70,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its position in Oceaneering International by 6.3% in the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock worth $286,000 after acquiring an additional 687 shares during the period. Barclays PLC grew its holdings in shares of Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. Geode Capital Management LLC grew its holdings in shares of Oceaneering International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock worth $56,691,000 after purchasing an additional 26,328 shares during the period. Tidal Investments LLC increased its position in shares of Oceaneering International by 29.0% during the 3rd quarter. Tidal Investments LLC now owns 13,057 shares of the oil and gas company's stock worth $325,000 after purchasing an additional 2,933 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Oceaneering International by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,928,780 shares of the oil and gas company's stock valued at $49,647,000 after buying an additional 57,193 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

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

Oceaneering International Stock Up 3.8 %

Shares of NYSE OII opened at $17.93 on Friday. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The stock has a market cap of $1.81 billion, a P/E ratio of 12.45 and a beta of 1.94. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The business's fifty day simple moving average is $20.02 and its 200-day simple moving average is $24.16.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. As a group, equities analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.