723,300 Shares in Oceaneering International, Inc. (NYSE:OII) Acquired by FIL Ltd

FIL Ltd bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 723,300 shares of the oil and gas company's stock, valued at approximately $18,864,000. FIL Ltd owned approximately 0.72% of Oceaneering International as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OII. R Squared Ltd acquired a new stake in Oceaneering International during the fourth quarter worth approximately $40,000. Smartleaf Asset Management LLC grew its holdings in shares of Oceaneering International by 354.7% during the 4th 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 in the last quarter. KBC Group NV raised its stake 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 purchasing an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Oceaneering International during the fourth quarter worth about $156,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Oceaneering International in the 3rd quarter valued at approximately $202,000. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OII shares. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Citigroup downgraded 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 Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Barclays dropped 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 lifted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.25.

Oceaneering International Trading Up 4.9 %

Shares of OII stock traded up $0.84 during mid-day trading on Thursday, reaching $18.11. 197,288 shares of the stock traded hands, compared to its average volume of 854,058. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 12.54 and a beta of 1.94. 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 stock's fifty day simple moving average is $20.95 and its two-hundred day simple moving average is $24.50. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal 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.