Diversified Trust Co Invests $299,000 in Oceaneering International, Inc. (NYSE:OII)

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

A number of other hedge funds also recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH increased its holdings in Oceaneering International by 15.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 984,542 shares of the oil and gas company's stock valued at $21,473,000 after purchasing an additional 129,793 shares during the period. GAMMA Investing LLC increased 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 valued at $68,000 after purchasing an additional 711 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Oceaneering International during the 1st quarter valued at about $546,000. Wedge Capital Management L L P NC increased its holdings in Oceaneering International by 21.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 69,897 shares of the oil and gas company's stock valued at $1,524,000 after purchasing an additional 12,199 shares during the period. Finally, Congress Asset Management Co. increased its holdings in Oceaneering International by 3.1% during the 1st quarter. Congress Asset Management Co. now owns 1,790,545 shares of the oil and gas company's stock valued at $39,052,000 after purchasing an additional 54,238 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Down 0.8%

Shares of OII stock traded down $0.18 during midday trading on Friday, reaching $21.29. 272,645 shares of the stock were exchanged, compared to its average volume of 846,480. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The company's 50 day moving average is $19.97 and its two-hundred day moving average is $21.73. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.14 billion, a PE ratio of 11.96 and a beta of 1.48.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results 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 20.59% and a net margin of 6.68%. The firm had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. During the same period in the previous year, the firm posted $0.14 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Oceaneering International from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays reduced their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Oceaneering International presently has a consensus rating of "Hold" and an average price target 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.