D. E. Shaw & Co. Inc. Acquires Shares of 28,648 Oceaneering International, Inc. (NYSE:OII)

D. E. Shaw & Co. Inc. purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,648 shares of the oil and gas company's stock, valued at approximately $747,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OII. R Squared Ltd acquired a new stake in Oceaneering International in the fourth quarter worth about $40,000. Tower Research Capital LLC TRC boosted its stake in shares of Oceaneering International by 191.5% in 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 grew its position in shares of Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 3,157 shares during the period. KBC Group NV raised its stake in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock worth $136,000 after buying an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Oceaneering International in the fourth quarter valued at approximately $156,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OII. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Barclays reduced their price target on 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 downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International Trading Up 1.6%

OII stock traded up $0.31 during midday trading on Thursday, hitting $19.38. 548,170 shares of the company's stock were exchanged, compared to its average volume of 853,865. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market cap of $1.95 billion, a PE ratio of 13.46 and a beta of 1.54. The stock's fifty day moving average price is $18.84 and its 200-day moving average price is $23.05.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (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 business 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 business earned $0.14 EPS. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

About Oceaneering International

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.