Jennison Associates LLC Has $1.25 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Jennison Associates LLC lifted its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 27.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its position in Oceaneering International by 29.7% during the first 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 in the last quarter. Tower Research Capital LLC TRC raised its position in Oceaneering International by 191.5% during 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 acquiring an additional 2,131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Oceaneering International during the fourth quarter worth $119,000. New Age Alpha Advisors LLC bought a new stake in Oceaneering International during the fourth quarter worth $156,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Oceaneering International during the fourth quarter worth $200,000. Institutional investors own 93.93% of the company's stock.

Analyst Ratings Changes

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

Oceaneering International Stock Performance

NYSE:OII traded down $1.25 during mid-day trading on Friday, reaching $22.71. 961,216 shares of the company's stock were exchanged, compared to its average volume of 860,945. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The firm has a market capitalization of $2.28 billion, a PE ratio of 11.47 and a beta of 1.48. The business's fifty day simple moving average is $20.71 and its two-hundred day simple moving average is $21.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.00.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The business had revenue of $698.16 million for the quarter, compared to analyst estimates of $676.81 million. During the same period last year, the firm earned $0.28 earnings per share. Oceaneering International's revenue for the quarter was up 4.5% 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.

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.