Oceaneering International, Inc. (NYSE:OII) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,149 shares of the oil and gas company's stock after purchasing an additional 16,269 shares during the period. Principal Financial Group Inc. owned about 0.52% of Oceaneering International worth $13,748,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Oceaneering International in the 4th quarter worth about $40,000. Farther Finance Advisors LLC boosted its holdings in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 1,905 shares during the period. Millburn Ridgefield Corp bought a new position in Oceaneering International in the third quarter worth approximately $57,000. KBC Group NV grew its stake in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock worth $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Oceaneering International by 12.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company's stock worth $205,000 after purchasing an additional 840 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

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Oceaneering International Stock Down 2.3 %

OII traded down $0.53 on Friday, hitting $22.09. The company had a trading volume of 1,212,089 shares, compared to its average volume of 784,218. Oceaneering International, Inc. has a 12-month low of $19.68 and a 12-month high of $30.98. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 15.34 and a beta of 2.38. 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 stock has a fifty day moving average price of $25.42 and a 200-day moving average price of $25.92.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen increased their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $29.25.

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.