Van ECK Associates Corp Increases Stake in Oceaneering International, Inc. (NYSE:OII)

Van ECK Associates Corp raised its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,568,481 shares of the oil and gas company's stock after purchasing an additional 128,187 shares during the quarter. Van ECK Associates Corp owned 1.55% of Oceaneering International worth $40,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock worth $380,000 after buying an additional 578 shares during the period. HighTower Advisors LLC raised its position in Oceaneering International by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock valued at $286,000 after purchasing an additional 687 shares in the last quarter. Empowered Funds LLC grew its position in shares of Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock worth $3,090,000 after buying an additional 757 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Oceaneering International by 12.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company's stock valued at $205,000 after buying an additional 840 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Oceaneering International in the fourth quarter valued at about $40,000. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

Shares of NYSE OII traded up $0.09 during midday trading on Monday, reaching $25.42. The company had a trading volume of 455,934 shares, compared to its average volume of 682,662. Oceaneering International, Inc. has a 1 year low of $19.68 and a 1 year high of $30.98. The business's 50-day simple moving average is $25.85 and its 200 day simple moving average is $26.10. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.57 billion, a P/E ratio of 19.25 and a beta of 2.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Pickering Energy Partners downgraded Oceaneering International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 14th. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Finally, Citigroup downgraded 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 report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $29.25.

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.