Edgestream Partners L.P. Invests $5.04 Million in Oceaneering International, Inc. (NYSE:OII)

Edgestream Partners L.P. acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 231,018 shares of the oil and gas company's stock, valued at approximately $5,039,000. Edgestream Partners L.P. owned about 0.23% of Oceaneering International at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OII. Brown Advisory Inc. lifted its stake in Oceaneering International by 27.6% in the first quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company's stock valued at $142,767,000 after buying an additional 1,416,251 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Oceaneering International by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 326,978 shares of the oil and gas company's stock valued at $7,131,000 after purchasing an additional 4,950 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Oceaneering International by 2.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 470,545 shares of the oil and gas company's stock valued at $10,230,000 after purchasing an additional 10,356 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Oceaneering International by 2.3% in the first quarter. Principal Financial Group Inc. now owns 539,234 shares of the oil and gas company's stock valued at $11,761,000 after purchasing an additional 12,085 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Oceaneering International by 49.8% in the first quarter. Teacher Retirement System of Texas now owns 30,508 shares of the oil and gas company's stock valued at $665,000 after acquiring an additional 10,148 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of OII traded down $0.11 during mid-day trading on Friday, reaching $20.48. 692,203 shares of the stock traded hands, compared to its average volume of 843,793. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 11.51 and a beta of 1.48. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. 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 fifty day moving average price of $20.48 and a 200 day moving average price of $21.47.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The business 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 earned $0.14 earnings per share. Oceaneering International's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on OII. Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays reduced their price objective on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.