Oceaneering International, Inc. (NYSE:OII) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 2,279,039 shares of the oil and gas company’s stock after purchasing an additional 26,328 shares during the period. Geode Capital Management LLC’s holdings in Oceaneering International were worth $56,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OII. Earnest Partners LLC lifted its stake in Oceaneering International by 21.0% during the 2nd 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 in the last quarter. State Street Corp lifted its position in shares of Oceaneering International by 2.1% during the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock worth $129,847,000 after purchasing an additional 107,394 shares in the last quarter. FMR LLC boosted its stake in shares of Oceaneering International by 1.3% in the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock valued at $72,023,000 after purchasing an additional 36,593 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Oceaneering International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock valued at $64,003,000 after purchasing an additional 43,941 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Oceaneering International by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock worth $47,849,000 after buying an additional 239,701 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 1.3 %

Shares of Oceaneering International stock opened at $24.55 on Monday. Oceaneering International, Inc. has a 52-week low of $18.95 and a 52-week high of $30.98. The company has a 50 day moving average of $26.74 and a 200 day moving average of $25.62. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.48 billion, a P/E ratio of 18.60 and a beta of 2.39.

Oceaneering International (NYSE:OII) last released its quarterly earnings data 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). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. During the same period last year, the firm posted $0.38 earnings per share. Oceaneering International’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the subject of several recent research reports. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. 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.