Fort Washington Investment Advisors Inc. OH Boosts Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $68,000 after acquiring an additional 711 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 2,131 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 3,157 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Oceaneering International in the fourth quarter worth $119,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Oceaneering International in the fourth quarter worth $156,000. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Oceaneering International from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Barclays decreased their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.00.

Oceaneering International Price Performance

NYSE:OII traded up $0.00 during midday trading on Monday, hitting $21.42. The company had a trading volume of 830,275 shares, compared to its average volume of 843,513. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The stock's fifty day moving average price is $18.94 and its 200-day moving average price is $22.28. The company has a market capitalization of $2.16 billion, a PE ratio of 14.88 and a beta of 1.48. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.