Thrivent Financial for Lutherans Acquires 71,001 Shares of Oceaneering International, Inc. (NYSE:OII)

Thrivent Financial for Lutherans boosted its stake in Oceaneering International, Inc. (NYSE:OII) by 89.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,693 shares of the oil and gas company’s stock after acquiring an additional 71,001 shares during the period. Thrivent Financial for Lutherans’ holdings in Oceaneering International were worth $3,930,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC boosted its stake in shares of 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 valued at $2,487,000 after purchasing an additional 18,760 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Oceaneering International by 51.8% during the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after acquiring an additional 23,512 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Oceaneering International by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after acquiring an additional 58,081 shares during the period. Fisher Asset Management LLC raised its position in shares of Oceaneering International by 32.3% in the 3rd 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. Finally, Barclays PLC boosted its position in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Trading Down 0.3 %

Shares of NYSE OII opened at $22.08 on Wednesday. The firm’s 50 day moving average price is $23.46 and its 200-day moving average price is $25.22. Oceaneering International, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market cap of $2.22 billion, a PE ratio of 15.33 and a beta of 2.42.

Oceaneering International (NYSE:OII) last issued its earnings results 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). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on OII. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Barclays lowered their target price on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Finally, TD Cowen upped their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.25.

Oceaneering International 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.