Federated Hermes Inc. Has $3.28 Million Stock Position in Oceaneering International, Inc. (NYSE:OII)

Federated Hermes Inc. boosted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 345.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,886 shares of the oil and gas company's stock after buying an additional 97,643 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of Oceaneering International worth $3,283,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Oceaneering International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after purchasing an additional 69,337 shares in the last quarter. State Street Corp increased its holdings in Oceaneering International by 2.1% in the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after buying an additional 107,394 shares during the last quarter. American Century Companies Inc. lifted its stake in Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock valued at $74,112,000 after acquiring an additional 355,290 shares during the last quarter. Geode Capital Management LLC grew its position in Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock worth $56,691,000 after acquiring an additional 26,328 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Oceaneering International by 14.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after purchasing an additional 267,230 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OII. TD Cowen raised their target price on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Barclays decreased their target price on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. Finally, Pickering Energy Partners raised 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 issued a buy rating to the company. Based on data from MarketBeat.com, Oceaneering International presently has an average rating of "Hold" and an average target price of $28.25.

Oceaneering International Stock Performance

OII stock traded up $0.60 during trading on Friday, reaching $17.87. 570,925 shares of the stock were exchanged, compared to its average volume of 856,057. The stock has a 50 day simple moving average of $20.80 and a 200-day simple moving average of $24.46. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.81 billion, a P/E ratio of 12.41 and a beta of 1.94. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98.

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