Mariner LLC Boosts Position in Oceaneering International, Inc. (NYSE:OII)

Mariner LLC boosted its holdings in Oceaneering International, Inc. (NYSE:OII) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,805 shares of the oil and gas company’s stock after buying an additional 2,030 shares during the quarter. Mariner LLC’s holdings in Oceaneering International were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Oceaneering International in the 4th quarter valued at $40,000. Smartleaf Asset Management LLC grew its holdings in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 3,157 shares during the last quarter. KBC Group NV increased its position in shares of Oceaneering International by 72.6% during the fourth 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. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International in the 4th quarter valued at about $156,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OII shares. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Barclays decreased their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Finally, TD Cowen boosted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Oceaneering International Stock Up 2.1 %

Shares of NYSE:OII opened at $19.05 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 13.23 and a beta of 1.94. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm’s 50-day simple moving average is $19.38 and its 200-day simple moving average is $23.86.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. During the same period in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.