Charles Schwab Investment Management Inc. Grows Holdings in Oceaneering International, Inc. $OII

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Oceaneering International, Inc. by 2.5%, now holding approximately 1.32% of the company worth $29 million.
• Oceaneering International reported a quarterly earnings per share of $0.49, exceeding analyst expectations of $0.42, with revenue of $698.16 million, reflecting a 4.5% year-over-year increase.
• Market analysts have mixed views on Oceaneering International, with a consensus rating of "Hold" and an average target price of $28.25.

Charles Schwab Investment Management Inc. increased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,331,297 shares of the oil and gas company's stock after acquiring an additional 32,639 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of Oceaneering International worth $29,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in Oceaneering International by 27.6% in the 1st quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company's stock worth $142,767,000 after acquiring an additional 1,416,251 shares during the last quarter. Greenhouse Funds LLLP grew its holdings in Oceaneering International by 10.0% in the 4th quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock worth $70,150,000 after acquiring an additional 244,362 shares during the last quarter. Congress Asset Management Co. grew its holdings in Oceaneering International by 3.1% in the 1st quarter. Congress Asset Management Co. now owns 1,790,545 shares of the oil and gas company's stock worth $39,052,000 after acquiring an additional 54,238 shares during the last quarter. Northern Trust Corp grew its holdings in Oceaneering International by 19.4% in the 4th quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company's stock worth $32,102,000 after acquiring an additional 200,183 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Oceaneering International by 15.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 984,542 shares of the oil and gas company's stock worth $21,473,000 after acquiring an additional 129,793 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and four have given a Hold 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 Trading Down 0.8%

NYSE OII traded down $0.20 during trading on Monday, hitting $23.79. The company had a trading volume of 44,010 shares, compared to its average volume of 861,405. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 12.06 and a beta of 1.55. The company's fifty day moving average is $21.68 and its 200-day moving average is $20.71.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. The firm had revenue of $698.16 million for the quarter, compared to the consensus estimate of $676.81 million. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current 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.