iSAM Funds UK Ltd Purchases Shares of 14,525 Oceaneering International, Inc. (NYSE:OII)

iSAM Funds UK Ltd acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,525 shares of the oil and gas company's stock, valued at approximately $379,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC grew its stake in shares of Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after buying an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock valued at $1,853,000 after purchasing an additional 446 shares during the period. LPL Financial LLC increased its stake in Oceaneering International by 0.8% during the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after buying an additional 451 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after buying an additional 584 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Oceaneering International by 0.6% during the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock valued at $3,090,000 after acquiring an additional 757 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Price Performance

Oceaneering International stock traded up $0.01 during midday trading on Monday, hitting $19.00. The company's stock had a trading volume of 458,440 shares, compared to its average volume of 854,971. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average price is $19.04 and its 200-day moving average price is $23.23. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a market capitalization of $1.91 billion, a PE ratio of 13.19 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.29% and a net margin of 5.54%. The firm 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 earned $0.14 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays dropped their target price on 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 upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.