GAMMA Investing LLC lifted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 2,729.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,698 shares of the oil and gas company's stock after buying an additional 65,305 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Oceaneering International worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake 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 buying an additional 2,131 shares during the period. Smartleaf Asset Management LLC raised its stake 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 buying 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 about $119,000. New Age Alpha Advisors LLC bought a new position in shares of Oceaneering International in the fourth quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Oceaneering International in the fourth quarter worth about $200,000. Institutional investors own 93.93% of the company's stock.
Oceaneering International Price Performance
NYSE:OII traded down $0.34 during trading hours on Wednesday, reaching $21.55. The stock had a trading volume of 732,710 shares, compared to its average volume of 843,937. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.58 and a current ratio of 1.89. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. The company has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $22.27. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.11 and a beta of 1.48.
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 earnings per share (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 business had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on OII. Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.00.
Read Our Latest Analysis on Oceaneering International
About Oceaneering International
(
Free Report)
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.
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