Thrivent Financial for Lutherans Acquires 71,001 Shares of Oceaneering International, Inc. (NYSE:OII)

Thrivent Financial for Lutherans grew its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 89.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,693 shares of the oil and gas company's stock after buying an additional 71,001 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.15% of Oceaneering International worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Algert Global LLC increased its stake in shares of Oceaneering International by 23.1% in the third quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company's stock valued at $2,487,000 after buying an additional 18,760 shares in the last quarter. Stifel Financial Corp increased its position in Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company's stock valued at $1,715,000 after acquiring an additional 23,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oceaneering International by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock worth $33,869,000 after acquiring an additional 58,081 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Oceaneering International by 32.3% in the third quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company's stock worth $3,292,000 after acquiring an additional 32,297 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OII. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a report on Friday, January 10th. Barclays dropped their target price on 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. StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. TD Cowen raised 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. Finally, Pickering Energy Partners downgraded shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $28.25.

Oceaneering International Trading Down 1.7 %

Shares of Oceaneering International stock traded down $0.37 during trading on Friday, hitting $21.60. 639,171 shares of the company were exchanged, compared to its average volume of 846,585. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.00 and a beta of 2.42. The firm's fifty day moving average price is $23.18 and its 200 day moving average price 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 (EPS) 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 analyst estimates 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 expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal 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.