Charles Schwab Investment Management Inc. Has $33.87 Million Position in Oceaneering International, Inc. (NYSE:OII)

Charles Schwab Investment Management Inc. raised its position in Oceaneering International, Inc. (NYSE:OII) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,298,658 shares of the oil and gas company’s stock after buying an additional 58,081 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Oceaneering International were worth $33,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in Oceaneering International by 2.1% during the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock worth $129,847,000 after buying an additional 107,394 shares during the period. FMR LLC lifted its holdings in shares of Oceaneering International by 1.3% during the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after purchasing an additional 36,593 shares during the period. Geode Capital Management LLC increased its holdings in Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock valued at $56,691,000 after purchasing an additional 26,328 shares during the period. Franklin Resources Inc. increased its holdings in Oceaneering International by 3.1% in the third quarter. Franklin Resources Inc. now owns 1,928,780 shares of the oil and gas company’s stock valued at $49,647,000 after purchasing an additional 57,193 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in Oceaneering International by 12.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock worth $45,730,000 after buying an additional 206,458 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

Shares of OII stock opened at $20.18 on Monday. The firm has a 50 day moving average of $24.21 and a 200-day moving average of $25.42. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 14.01 and a beta of 2.42. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52 week low of $18.87 and a 52 week high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Barclays reduced their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. TD Cowen increased their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Oceaneering International has a consensus rating of “Hold” and an average price target of $28.25.

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.