SteelPeak Wealth LLC Buys New Shares in Oceaneering International, Inc. (NYSE:OII)

SteelPeak Wealth LLC acquired a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,707 shares of the oil and gas company's stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Oceaneering International by 3,594.3% during 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 last quarter. Millburn Ridgefield Corp purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $57,000. GAMMA Investing LLC lifted its holdings in shares of Oceaneering International by 108.3% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 1,412 shares during the last quarter. KBC Group NV lifted its holdings in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after purchasing an additional 2,192 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Oceaneering International by 165.5% during the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company's stock valued at $172,000 after purchasing an additional 4,323 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

NYSE:OII traded down $0.10 during trading hours on Monday, reaching $24.75. The company had a trading volume of 575,922 shares, compared to its average volume of 698,930. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 52 week low of $19.68 and a 52 week high of $30.98. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 18.75 and a beta of 2.38. The firm's 50 day moving average price is $26.72 and its 200-day moving average price is $26.30.

Analyst Upgrades and Downgrades

OII has been the subject of several recent research reports. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. Pickering Energy Partners downgraded shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 14th. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Benchmark reissued a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Finally, TD Cowen raised their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.25.

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.