Brown Advisory Inc. Purchases 1,416,251 Shares of Oceaneering International, Inc. (NYSE:OII)

Brown Advisory Inc. boosted its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 27.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,545,919 shares of the oil and gas company's stock after acquiring an additional 1,416,251 shares during the period. Brown Advisory Inc. owned 6.48% of Oceaneering International worth $142,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 711 shares during the period. Tower Research Capital LLC TRC raised its stake in Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after acquiring an additional 2,131 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Oceaneering International during the 4th quarter worth approximately $119,000. New Age Alpha Advisors LLC bought a new stake in shares of Oceaneering International during the fourth quarter valued at approximately $156,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Oceaneering International during the fourth quarter valued at approximately $200,000. Institutional investors own 93.93% of the company's stock.

Oceaneering International Trading Down 2.0%

Shares of OII opened at $20.87 on Tuesday. The company's fifty day moving average is $20.03 and its 200 day moving average is $21.68. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The stock has a market capitalization of $2.10 billion, a PE ratio of 11.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.58 and a current ratio of 1.89.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The company had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Oceaneering International's quarterly revenue was up 12.6% on a year-over-year basis. Sell-side analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OII. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays reduced their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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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