Aristeia Capital L.L.C. Buys New Stake in Oceaneering International, Inc. (NYSE:OII)

Aristeia Capital L.L.C. purchased a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,081 shares of the oil and gas company's stock, valued at approximately $367,000.

Several other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in Oceaneering International in the fourth quarter valued at $531,000. Old West Investment Management LLC acquired a new position in Oceaneering International in the fourth quarter valued at about $1,565,000. Charles Schwab Investment Management Inc. increased its position in shares of Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock valued at $33,869,000 after acquiring an additional 58,081 shares during the last quarter. Barclays PLC raised its stake in shares of Oceaneering International by 334.5% in the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock valued at $4,489,000 after acquiring an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Oceaneering International by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after acquiring an additional 16,269 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 1.6 %

Shares of NYSE:OII traded up $0.30 during trading hours on Tuesday, reaching $18.65. The stock had a trading volume of 677,775 shares, compared to its average volume of 862,939. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The firm's 50 day moving average is $19.22 and its 200-day moving average is $23.77. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. Research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup downgraded Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a 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. TD Cowen upped their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.00.

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.