Gotham Asset Management LLC Makes New $664,000 Investment in Oceaneering International, Inc. (NYSE:OII)

Gotham Asset Management LLC bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,466 shares of the oil and gas company's stock, valued at approximately $664,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OII. Barclays PLC raised its stake in Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after acquiring an additional 138,931 shares during the period. Principal Financial Group Inc. raised its stake in Oceaneering International by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 510,880 shares of the oil and gas company's stock worth $12,706,000 after acquiring an additional 7,037 shares during the period. Wedge Capital Management L L P NC raised its stake in Oceaneering International by 4.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 57,698 shares of the oil and gas company's stock worth $1,505,000 after acquiring an additional 2,240 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in Oceaneering International by 13.7% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 854,749 shares of the oil and gas company's stock worth $22,292,000 after acquiring an additional 102,750 shares during the period. Finally, Sheets Smith Wealth Management bought a new stake in Oceaneering International during the 4th quarter worth approximately $522,000. Institutional investors own 93.93% of the company's stock.

Oceaneering International Price Performance

Shares of Oceaneering International stock traded up $0.01 on Friday, hitting $19.00. 458,440 shares of the company traded hands, compared to its average volume of 854,971. The business has a 50-day simple moving average of $19.04 and a 200 day simple moving average of $23.26. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The stock has a market capitalization of $1.91 billion, a P/E ratio of 13.19 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $651.96 million. During the same period last year, the firm posted $0.14 earnings per share. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OII. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Barclays reduced their price objective 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.00.

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.