Diversified Trust Co Buys Shares of 13,726 Oceaneering International, Inc. (NYSE:OII)

Diversified Trust Co bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,726 shares of the oil and gas company's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Inspire Advisors LLC grew its holdings in shares of Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after acquiring an additional 411 shares during the last quarter. LPL Financial LLC boosted its position in shares of Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after purchasing an additional 451 shares during the period. Summit Investment Advisors Inc. increased its stake in Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after purchasing an additional 584 shares in the last quarter. GAMMA Investing LLC raised its holdings in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after buying an additional 711 shares during the period. Finally, Atria Investments Inc lifted its stake in Oceaneering International by 4.2% during the fourth quarter. Atria Investments Inc now owns 20,172 shares of the oil and gas company's stock valued at $526,000 after buying an additional 814 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Down 0.8%

Shares of OII traded down $0.18 during trading hours on Friday, reaching $21.29. The company's stock had a trading volume of 272,645 shares, compared to its average volume of 845,630. The company has a 50 day moving average of $19.90 and a two-hundred day moving average of $21.77. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 11.96 and a beta of 1.48. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62.

Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same quarter last year, the business posted $0.14 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. As a group, research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. 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 report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.00.

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.