231,018 Shares in Oceaneering International, Inc. (NYSE:OII) Bought by Edgestream Partners L.P.

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

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Oceaneering International by 29.7% in the first 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 in the last quarter. Tower Research Capital LLC TRC raised its position in Oceaneering International by 191.5% during the fourth 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Oceaneering International in the fourth quarter worth about $119,000. New Age Alpha Advisors LLC purchased a new position in shares of Oceaneering International in the fourth quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Oceaneering International in the fourth quarter worth about $200,000. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OII has been the topic of several research reports. Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays cut their price objective 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, 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Oceaneering International Stock Performance

Shares of NYSE:OII traded up $0.02 during midday trading on Thursday, hitting $20.50. The company had a trading volume of 395,892 shares, compared to its average volume of 843,436. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.58. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 11.52 and a beta of 1.48. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The company has a fifty day moving average of $20.42 and a two-hundred day moving average of $21.55.

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 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. Oceaneering International's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Oceaneering International Company Profile

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.