Prudential Financial Inc. Has $6.71 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Prudential Financial Inc. lifted its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,225 shares of the oil and gas company's stock after acquiring an additional 42,615 shares during the quarter. Prudential Financial Inc. owned approximately 0.25% of Oceaneering International worth $6,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OII. R Squared Ltd bought a new stake in shares of Oceaneering International during the fourth quarter worth about $40,000. Millburn Ridgefield Corp acquired a new stake in Oceaneering International during the 3rd quarter worth approximately $57,000. Smartleaf Asset Management LLC grew its holdings in Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 3,157 shares during the last quarter. KBC Group NV increased its position in Oceaneering International by 72.6% in the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after acquiring an additional 2,192 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Oceaneering International during the third quarter valued at $202,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

OII has been the topic of several analyst reports. TD Cowen boosted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday. 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 research note on Friday, January 10th. Finally, Barclays decreased 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 research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Oceaneering International has an average rating of "Hold" and an average target price of $28.25.

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Oceaneering International Trading Down 11.9 %

OII stock traded down $2.68 during mid-day trading on Thursday, reaching $19.87. The company's stock had a trading volume of 426,276 shares, compared to its average volume of 843,361. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 13.80 and a beta of 2.42. Oceaneering International, Inc. has a 12 month low of $18.87 and a 12 month high of $30.98. The business's 50 day moving average price is $22.91 and its 200 day moving average price is $25.17. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, equities research analysts predict 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.