Oceaneering International, Inc. (NYSE:OII) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in Oceaneering International, Inc. (NYSE:OII) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,417 shares of the oil and gas company’s stock after purchasing an additional 3,785 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Oceaneering International were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Oceaneering International in the 4th quarter worth about $40,000. Farther Finance Advisors LLC increased its stake 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 purchased a new position in Oceaneering International in the 3rd quarter worth about $57,000. KBC Group NV increased its stake in Oceaneering International by 72.6% in the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Oceaneering International in the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.25.

Oceaneering International Trading Down 6.8 %

NYSE:OII opened at $22.52 on Monday. Oceaneering International, Inc. has a 1-year low of $19.68 and a 1-year high of $30.98. The business’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $26.07. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.64 and a beta of 2.38.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to the consensus estimate 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 expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current 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.