Fort Washington Investment Advisors Inc. OH Increases Stake in Oceaneering International, Inc. (NYSE:OII)

Fort Washington Investment Advisors Inc. OH raised its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 984,542 shares of the oil and gas company's stock after purchasing an additional 129,793 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.97% of Oceaneering International worth $21,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in Oceaneering International by 22.5% during the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock worth $133,782,000 after buying an additional 941,849 shares in the last quarter. FIL Ltd purchased a new position in Oceaneering International during the 4th quarter worth $18,864,000. American Century Companies Inc. boosted its holdings in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after acquiring an additional 355,290 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth $8,490,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Oceaneering International by 14.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after purchasing an additional 267,230 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OII has been the topic of several analyst reports. Wall Street Zen upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Barclays dropped their target price 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. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Performance

Shares of NYSE:OII traded up $0.15 during midday trading on Friday, reaching $21.40. The company had a trading volume of 927,285 shares, compared to its average volume of 842,933. The stock has a market cap of $2.15 billion, a P/E ratio of 14.86 and a beta of 1.48. The company's 50 day moving average price is $18.72 and its 200 day moving average price is $22.50. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. 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 company earned $0.14 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Oceaneering International 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.