Brasada Capital Management LP Makes New Investment in Oceaneering International, Inc. (NYSE:OII)

Brasada Capital Management LP purchased a new stake in Oceaneering International, Inc. (NYSE:OII - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,000 shares of the oil and gas company's stock, valued at approximately $494,000.

Several other institutional investors have also made changes to their positions in OII. Inspire Advisors LLC raised its holdings in Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after acquiring an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock worth $1,853,000 after acquiring an additional 446 shares in the last quarter. LPL Financial LLC increased its stake in shares of Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after purchasing an additional 451 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after acquiring an additional 584 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock valued at $286,000 after purchasing an additional 687 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Oceaneering International Stock Down 0.5 %

Shares of OII traded down $0.09 during trading hours on Monday, hitting $17.73. The stock had a trading volume of 618,480 shares, compared to its average volume of 860,857. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The firm has a market capitalization of $1.79 billion, a P/E ratio of 12.31 and a beta of 1.94. The firm has a 50 day simple moving average of $19.87 and a 200-day simple moving average of $24.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share 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 company had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Oceaneering International's revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.