KLP Kapitalforvaltning AS Invests $529,000 in Oceaneering International, Inc. (NYSE:OII)

KLP Kapitalforvaltning AS bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,300 shares of the oil and gas company's stock, valued at approximately $529,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its position in shares of Oceaneering International by 2.0% during the fourth quarter. Sei Investments Co. now owns 386,264 shares of the oil and gas company's stock worth $10,074,000 after buying an additional 7,412 shares in the last quarter. American Century Companies Inc. grew its stake in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after buying an additional 355,290 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Oceaneering International in the fourth quarter worth $531,000. Thrivent Financial for Lutherans lifted its stake in Oceaneering International by 89.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 150,693 shares of the oil and gas company's stock valued at $3,930,000 after buying an additional 71,001 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Oceaneering International during the fourth quarter worth about $247,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Oceaneering International Price Performance

Shares of NYSE:OII traded down $1.14 during trading on Tuesday, reaching $15.93. The company had a trading volume of 1,238,427 shares, compared to its average volume of 849,187. The firm's fifty day moving average is $22.04 and its 200 day moving average is $24.89. 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 firm has a market capitalization of $1.61 billion, a PE ratio of 11.06 and a beta of 1.94. Oceaneering International, Inc. has a twelve month low of $15.64 and a twelve month high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results 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). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. On average, equities analysts forecast 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.