Crestline Management LP Purchases New Holdings in Oceaneering International, Inc. (NYSE:OII)

Crestline Management LP purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,915 shares of the oil and gas company's stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OII. Teacher Retirement System of Texas bought a new position in Oceaneering International during the 4th quarter worth $531,000. Old West Investment Management LLC bought a new position in shares of Oceaneering International in the fourth quarter worth $1,565,000. Charles Schwab Investment Management Inc. grew its stake in shares of Oceaneering International by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock worth $33,869,000 after purchasing an additional 58,081 shares in the last quarter. Barclays PLC grew its stake in shares of Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after purchasing an additional 16,269 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 1.2%

Shares of Oceaneering International stock traded down $0.24 during trading hours on Friday, hitting $19.64. The company's stock had a trading volume of 224,360 shares, compared to its average volume of 858,627. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The stock has a 50 day moving average of $19.13 and a 200 day moving average of $23.54. The company has a market capitalization of $1.98 billion, a PE ratio of 13.63 and a beta of 1.54. 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 posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Oceaneering International's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on OII. Barclays reduced 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. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.