American Century Companies Inc. Acquires 355,290 Shares of Oceaneering International, Inc. (NYSE:OII)

American Century Companies Inc. grew its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,841,710 shares of the oil and gas company's stock after acquiring an additional 355,290 shares during the period. American Century Companies Inc. owned about 2.81% of Oceaneering International worth $74,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Inspire Advisors LLC lifted its position in Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock valued at $1,853,000 after buying an additional 446 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Oceaneering International by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after acquiring an additional 578 shares during the period. HighTower Advisors LLC grew 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 valued at $286,000 after acquiring an additional 687 shares during the period. Finally, Empowered Funds LLC increased its holdings in Oceaneering International by 0.6% in the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock worth $3,090,000 after acquiring an additional 757 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OII shares. Barclays lowered their price target on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. TD Cowen lifted 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. Pickering Energy Partners lowered Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Citigroup lowered 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Oceaneering International presently has a consensus rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Price Performance

OII traded down $0.37 during trading on Friday, hitting $21.60. 639,171 shares of the company traded hands, compared to its average volume of 846,585. 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 company has a market cap of $2.17 billion, a PE ratio of 15.00 and a beta of 2.42. The stock's 50-day simple moving average is $23.18 and its two-hundred day simple moving average is $25.18. Oceaneering International, Inc. has a 1 year low of $18.87 and a 1 year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $713.45 million for the quarter, compared to analysts' expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. As a group, sell-side analysts anticipate 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.