HighTower Advisors LLC Has $286,000 Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

HighTower Advisors LLC lifted its position in Oceaneering International, Inc. (NYSE:OII) by 6.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,616 shares of the oil and gas company’s stock after buying an additional 687 shares during the period. HighTower Advisors LLC’s holdings in Oceaneering International were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Algert Global LLC raised its holdings in Oceaneering International by 23.1% during the 3rd quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock worth $2,487,000 after buying an additional 18,760 shares during the period. Fisher Asset Management LLC increased its position in shares of Oceaneering International by 32.3% during 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 in the last quarter. Earnest Partners LLC raised its holdings in shares of Oceaneering International by 21.0% during the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after acquiring an additional 1,105,263 shares during the period. Envestnet Asset Management Inc. lifted its position in Oceaneering International by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after acquiring an additional 24,283 shares in the last quarter. Finally, FMR LLC lifted its position in Oceaneering International by 1.3% in the 3rd quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock valued at $72,023,000 after acquiring an additional 36,593 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

OII has been the topic of several recent research reports. Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th.

Oceaneering International Stock Up 1.0 %

Oceaneering International stock opened at $24.79 on Tuesday. 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 1-year low of $18.95 and a 1-year high of $30.98. The company has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $25.66. The company has a market cap of $2.51 billion, a P/E ratio of 18.78 and a beta of 2.39.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share 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 the consensus estimate of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. Oceaneering International’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Research analysts anticipate that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

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.