Congress Asset Management Co. Raises Holdings in Oceaneering International, Inc. (NYSE:OII)

Congress Asset Management Co. grew its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,790,545 shares of the oil and gas company's stock after purchasing an additional 54,238 shares during the period. Congress Asset Management Co. owned approximately 1.77% of Oceaneering International worth $39,052,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Portside Wealth Group LLC acquired a new stake in shares of Oceaneering International in the first quarter valued at about $210,000. Rhumbline Advisers grew its position in Oceaneering International by 0.8% during the first quarter. Rhumbline Advisers now owns 258,594 shares of the oil and gas company's stock worth $5,640,000 after buying an additional 2,070 shares during the period. GAMMA Investing LLC increased its holdings in Oceaneering International by 2,729.0% in the first quarter. GAMMA Investing LLC now owns 67,698 shares of the oil and gas company's stock valued at $1,476,000 after buying an additional 65,305 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Oceaneering International by 17.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 9,230 shares of the oil and gas company's stock valued at $201,000 after acquiring an additional 1,380 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Oceaneering International during the 4th quarter valued at approximately $475,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

NYSE:OII traded up $0.01 during trading hours on Monday, reaching $20.27. 611,276 shares of the company traded hands, compared to its average volume of 842,452. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The stock has a market cap of $2.04 billion, a P/E ratio of 14.07 and a beta of 1.48. The firm's 50-day moving average is $18.57 and its 200-day moving average is $22.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

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 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. During the same quarter last year, the business posted $0.14 EPS. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays lowered 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 note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Oceaneering International presently has an average rating of "Hold" and a consensus 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.