25,044 Shares in Oceaneering International, Inc. (NYSE:OII) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in Oceaneering International, Inc. (NYSE:OII - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 25,044 shares of the oil and gas company's stock, valued at approximately $546,000.

Several other institutional investors have also modified their holdings of the business. Inspire Advisors LLC increased its holdings in Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after buying an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock valued at $1,853,000 after buying an additional 446 shares during the last quarter. LPL Financial LLC increased its holdings in Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after buying an additional 451 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in 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, Atria Investments Inc increased its holdings in Oceaneering International by 4.2% in the fourth quarter. Atria Investments Inc now owns 20,172 shares of the oil and gas company's stock valued at $526,000 after buying an additional 814 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays lowered their price objective 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. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Oceaneering International has a consensus rating of "Hold" and a consensus target price of $28.00.

Oceaneering International Stock Performance

Shares of NYSE:OII traded down $0.34 during trading on Wednesday, hitting $21.55. 732,710 shares of the company traded hands, compared to its average volume of 843,937. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.11 and a beta of 1.48. The business's fifty day moving average is $19.08 and its 200-day moving average is $22.27. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62.

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 company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share 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.