Rhumbline Advisers Has $6.69 Million Stock Position in Oceaneering International, Inc. (NYSE:OII)

Rhumbline Advisers lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,524 shares of the oil and gas company’s stock after acquiring an additional 4,530 shares during the period. Rhumbline Advisers’ holdings in Oceaneering International were worth $6,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. bought a new position in Oceaneering International during the 3rd quarter valued at $38,819,000. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Oceaneering International during the third quarter valued at about $6,106,000. Loomis Sayles & Co. L P lifted its position in shares of Oceaneering International by 12.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after purchasing an additional 206,458 shares in the last quarter. Barclays PLC boosted its holdings in Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after purchasing an additional 138,931 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Oceaneering International by 8.9% in the 4th quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock worth $40,906,000 after purchasing an additional 128,187 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Price Performance

Oceaneering International stock opened at $22.14 on Thursday. 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 business’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $25.98. Oceaneering International, Inc. has a 12 month low of $19.68 and a 12 month high of $30.98. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 15.38 and a beta of 2.38.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Sell-side analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

About Oceaneering International

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.