Raymond James Financial Inc. Takes $1.75 Million Position in Oceaneering International, Inc. (NYSE:OII)

Raymond James Financial Inc. acquired a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,067 shares of the oil and gas company's stock, valued at approximately $1,749,000. Raymond James Financial Inc. owned approximately 0.07% of Oceaneering International as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OII. State Street Corp increased its position in shares of Oceaneering International by 2.1% during the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after acquiring an additional 107,394 shares during the last quarter. FMR LLC raised its holdings in shares of Oceaneering International by 1.3% during the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company's stock worth $72,023,000 after purchasing an additional 36,593 shares during the period. Geode Capital Management LLC lifted its holdings in Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock worth $56,691,000 after acquiring an additional 26,328 shares during the last quarter. Franklin Resources Inc. grew its stake in Oceaneering International by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,928,780 shares of the oil and gas company's stock worth $49,647,000 after buying an additional 57,193 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in Oceaneering International by 11.2% during the 4th quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company's stock valued at $45,283,000 after purchasing an additional 175,434 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. TD Cowen upped their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Barclays decreased their target price on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Oceaneering International currently has an average rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Stock Performance

Shares of OII stock traded down $2.95 during mid-day trading on Thursday, reaching $19.61. The stock had a trading volume of 909,145 shares, compared to its average volume of 845,185. The firm's 50 day simple moving average is $22.91 and its 200 day simple moving average is $25.17. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.97 billion, a PE ratio of 13.61 and a beta of 2.42. Oceaneering International, Inc. has a one year low of $18.87 and a one year high of $30.98.

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

About Oceaneering International

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.