Oceaneering International, Inc. (NYSE:OII) Shares Bought by State Street Corp

State Street Corp grew its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,221,049 shares of the oil and gas company's stock after acquiring an additional 107,394 shares during the quarter. State Street Corp owned about 5.17% of Oceaneering International worth $129,847,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in Oceaneering International by 2.0% during the second quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company's stock valued at $668,000 after buying an additional 540 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of 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 worth $380,000 after purchasing an additional 578 shares in the last quarter. HighTower Advisors LLC raised its holdings in Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock worth $286,000 after purchasing an additional 687 shares during the period. Isthmus Partners LLC lifted its position in Oceaneering International by 0.9% during the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 968 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Oceaneering International by 9.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,500 shares of the oil and gas company's stock valued at $272,000 after purchasing an additional 1,013 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

OII has been the topic of a number of research analyst reports. Barclays lowered their price target on Oceaneering International from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Thursday, October 31st. Benchmark restated a "buy" rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Stock Performance

Shares of OII traded down $0.25 during mid-day trading on Friday, reaching $25.87. The company had a trading volume of 778,167 shares, compared to its average volume of 814,392. The stock has a market capitalization of $2.61 billion, a P/E ratio of 19.60 and a beta of 2.39. Oceaneering International, Inc. has a 52-week low of $18.95 and a 52-week high of $30.98. The stock has a 50 day moving average of $26.85 and a two-hundred day moving average of $25.55. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (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 business had revenue of $679.81 million for the quarter, compared to analysts' expectations of $693.69 million. During the same quarter last year, the business earned $0.38 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts expect that Oceaneering International, Inc. will post 1.4 earnings per share 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.