Oceaneering International, Inc. (NYSE:OII) Shares Bought by State Street Corp

State Street Corp raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,221,049 shares of the oil and gas company’s stock after purchasing an additional 107,394 shares during the quarter. State Street Corp owned 5.17% of Oceaneering International worth $129,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in shares of Oceaneering International by 0.9% in the second quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock worth $27,000 after buying an additional 968 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Oceaneering International in the second quarter valued at approximately $38,000. Farther Finance Advisors LLC boosted its position in Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Oceaneering International during the 3rd quarter worth approximately $57,000. Finally, CWM LLC increased its holdings in shares of Oceaneering International by 351.9% during the 2nd quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,034 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 1.0 %

Shares of NYSE:OII opened at $25.87 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 19.60 and a beta of 2.39. The business’s 50 day moving average price is $26.85 and its 200-day moving average price is $25.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. Oceaneering International, Inc. has a 1 year low of $18.95 and a 1 year high of $30.98.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays lowered their price target on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Friday, October 25th.

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.