Vanguard Group Inc. Grows Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Vanguard Group Inc. lifted its position in Oceaneering International, Inc. (NYSE:OII) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,461,454 shares of the oil and gas company’s stock after purchasing an additional 246,067 shares during the quarter. Vanguard Group Inc. owned 0.12% of Oceaneering International worth $265,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OII. Neo Ivy Capital Management bought a new stake in Oceaneering International in the 4th quarter worth approximately $44,000. Pineridge Advisors LLC purchased a new position in shares of Oceaneering International during the fourth quarter worth approximately $44,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $249,000. Russell Investments Group Ltd. boosted its stake in shares of Oceaneering International by 14.4% in the 4th quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company’s stock valued at $331,000 after purchasing an additional 1,961 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of Oceaneering International during the 4th quarter valued at $409,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OII. Benchmark restated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Thursday, April 25th. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Barclays reiterated an “underweight” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Oceaneering International in a research report on Tuesday, May 14th.

Oceaneering International Stock Performance

Shares of NYSE:OII opened at $23.66 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $22.81 and a 200-day moving average price of $22.00. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 22.32 and a beta of 2.43. Oceaneering International, Inc. has a 12 month low of $18.03 and a 12 month high of $27.46.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The business had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. As a group, equities analysts anticipate that Oceaneering International, Inc. will post 1.4 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.