Congress Asset Management Co. lifted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,790,545 shares of the oil and gas company's stock after acquiring 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.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings 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 valued at $85,000 after purchasing an additional 2,131 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 3,157 shares in the last quarter. 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 acquired a new stake in Oceaneering International during the 4th quarter valued at $156,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Oceaneering International in the 4th quarter valued at $200,000. Institutional investors own 93.93% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Barclays lowered their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $28.00.
View Our Latest Report on Oceaneering International
Oceaneering International Trading Up 2.3%
NYSE OII traded up $0.47 on Wednesday, reaching $21.19. The company had a trading volume of 474,324 shares, compared to its average volume of 840,105. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 14.70 and a beta of 1.48. The stock's 50 day moving average is $18.55 and its 200-day moving average is $22.57. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98.
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, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.
About Oceaneering International
(
Free Report)
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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