Price T Rowe Associates Inc. MD Grows Position in Oceaneering International, Inc. (NYSE:OII)

Price T Rowe Associates Inc. MD grew its stake in Oceaneering International, Inc. (NYSE:OII) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,285 shares of the oil and gas company’s stock after buying an additional 6,582 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Oceaneering International were worth $2,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OII. R Squared Ltd purchased a new position in Oceaneering International in the 4th quarter worth $40,000. Tower Research Capital LLC TRC raised its stake in shares of Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 2,131 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 period. KBC Group NV boosted its position in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Oceaneering International in the 4th quarter worth approximately $156,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of Oceaneering International stock opened at $18.40 on Thursday. The firm has a market cap of $1.85 billion, a PE ratio of 12.78 and a beta of 1.54. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. 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 business has a 50-day moving average price of $19.15 and a 200 day moving average price of $23.73.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analysts’ expectations of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. Sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.