Brown Advisory Inc. Boosts Stake in Oceaneering International, Inc. (NYSE:OII)

Brown Advisory Inc. grew its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,129,668 shares of the oil and gas company's stock after buying an additional 941,849 shares during the period. Brown Advisory Inc. owned 5.08% of Oceaneering International worth $133,782,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Inspire Advisors LLC increased its position in Oceaneering International by 4.9% during the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake 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 purchasing an additional 446 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Oceaneering International by 0.8% during the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after buying an additional 451 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Oceaneering International by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after buying an additional 584 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Oceaneering International by 0.6% during the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock valued at $3,090,000 after buying an additional 757 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Performance

Oceaneering International stock opened at $19.05 on Friday. 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 12 month low of $15.46 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The stock's 50-day moving average is $19.38 and its 200-day moving average is $23.85.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly 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. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same quarter last year, the firm posted $0.14 earnings per share. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on OII. StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. TD Cowen upped their target price on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. Barclays dropped their price objective 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. Finally, Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Oceaneering International currently has a consensus rating of "Hold" and an average target price 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.

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