Gotham Asset Management LLC Acquires New Stake in Oceaneering International, Inc. (NYSE:OII)

Gotham Asset Management LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,466 shares of the oil and gas company's stock, valued at approximately $664,000.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Oceaneering International in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its holdings in shares of Oceaneering International by 191.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after buying an additional 2,131 shares during the period. Smartleaf Asset Management LLC boosted 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 valued at $104,000 after buying an additional 3,157 shares in the last quarter. KBC Group NV boosted its stake in shares of Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after buying an additional 2,192 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Oceaneering International during the fourth quarter worth $156,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Barclays cut their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Oceaneering International Price Performance

Shares of Oceaneering International stock traded up $0.08 on Thursday, hitting $18.98. The company's stock had a trading volume of 481,802 shares, compared to its average volume of 856,520. The company has a market capitalization of $1.91 billion, a P/E ratio of 13.18 and a beta of 1.54. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The firm has a fifty day moving average price of $19.12 and a 200-day moving average price of $23.39. 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 quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $651.96 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal 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.