Jennison Associates LLC Acquires 12,293 Shares of Oceaneering International, Inc. (NYSE:OII)

Jennison Associates LLC raised its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,463 shares of the oil and gas company's stock after purchasing an additional 12,293 shares during the quarter. Jennison Associates LLC owned 0.06% of Oceaneering International worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 711 shares during the last quarter. 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 worth $85,000 after acquiring an additional 2,131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Oceaneering International in the 4th quarter worth about $119,000. New Age Alpha Advisors LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth about $200,000. Institutional investors own 93.93% of the company's stock.

Oceaneering International Trading Up 5.0%

OII traded up $1.13 on Thursday, reaching $23.56. 966,208 shares of the company traded hands, compared to its average volume of 884,305. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The firm has a fifty day simple moving average of $20.52 and a two-hundred day simple moving average of $21.35. The company has a market cap of $2.37 billion, a P/E ratio of 13.30 and a beta of 1.48. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The company had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. During the same quarter last year, the business posted $0.28 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, Barclays decreased their price objective 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Oceaneering International has a consensus rating of "Hold" and a consensus target price of $28.00.

Oceaneering International 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.