JPMorgan Chase & Co. Purchases 258,588 Shares of Oceaneering International, Inc. (NYSE:OII)

JPMorgan Chase & Co. lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 797,517 shares of the oil and gas company's stock after buying an additional 258,588 shares during the period. JPMorgan Chase & Co. owned about 0.79% of Oceaneering International worth $20,799,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after purchasing an additional 578 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Oceaneering International by 6.3% during the 3rd 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. Stifel Financial Corp boosted its stake in shares of Oceaneering International by 51.8% during the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company's stock worth $1,715,000 after acquiring an additional 23,512 shares during the period. State Street Corp increased its holdings in shares of Oceaneering International by 2.1% during the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after acquiring an additional 107,394 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Oceaneering International by 5.4% in the 3rd quarter. Jane Street Group LLC now owns 130,145 shares of the oil and gas company's stock valued at $3,237,000 after acquiring an additional 6,630 shares during the period. Institutional investors own 93.93% of the company's stock.

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Analyst Ratings Changes

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

Oceaneering International Trading Down 1.2 %

NYSE OII traded down $0.20 on Tuesday, hitting $16.78. The company's stock had a trading volume of 176,018 shares, compared to its average volume of 853,493. The company's 50-day moving average is $21.25 and its 200 day moving average is $24.61. The firm has a market cap of $1.70 billion, a PE ratio of 11.65 and a beta of 1.94. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

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