Brown Advisory Inc. Raises Holdings in Oceaneering International, Inc. (NYSE:OII)

Brown Advisory Inc. lifted its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,545,919 shares of the oil and gas company's stock after purchasing an additional 1,416,251 shares during the period. Brown Advisory Inc. owned about 6.48% of Oceaneering International worth $142,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Oceaneering International in the 4th quarter valued at $531,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Oceaneering International by 62.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,675 shares of the oil and gas company's stock valued at $604,000 after acquiring an additional 10,628 shares during the last quarter. Old West Investment Management LLC purchased a new stake in Oceaneering International in the fourth quarter valued at $1,565,000. Harbor Capital Advisors Inc. acquired a new position in Oceaneering International in the first quarter valued at $546,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Oceaneering International by 4.7% during 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 during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

OII has been the subject of a number of research analyst reports. Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.00.

Oceaneering International Stock Performance

Oceaneering International stock traded up $0.21 during mid-day trading on Friday, reaching $21.94. 769,361 shares of the company were exchanged, compared to its average volume of 848,976. The firm's 50-day simple moving average is $20.28 and its two-hundred day simple moving average is $21.64. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The firm has a market cap of $2.21 billion, a PE ratio of 12.33 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 posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. Oceaneering International's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Oceaneering International 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.