549,898 Shares in Oceaneering International, Inc. $OII Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Oceaneering International, Inc., purchasing 549,898 shares valued at approximately $11.99 million, representing about 0.55% of the company's stock.
• Institutional investors have shown growing interest in Oceaneering, with several firms, including GAMMA Investing LLC and PNC Financial Services Group Inc., increasing their positions in the first quarter.
• Oceaneering's stock received a downgrade from a "buy" to a "hold" rating by Wall Street Zen, although Barclays raised their target price for the stock from $21.00 to $22.00.

Nuveen LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 549,898 shares of the oil and gas company's stock, valued at approximately $11,993,000. Nuveen LLC owned about 0.55% of Oceaneering International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of 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 buying an additional 711 shares in the last quarter. Foundry Partners LLC boosted its stake in Oceaneering International by 8.5% during the 1st quarter. Foundry Partners LLC now owns 13,918 shares of the oil and gas company's stock valued at $304,000 after acquiring an additional 1,096 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Oceaneering International by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company's stock worth $242,000 after acquiring an additional 1,256 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Oceaneering International by 17.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 9,230 shares of the oil and gas company's stock worth $201,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Oceaneering International by 2.1% in the 4th quarter. Stifel Financial Corp now owns 70,418 shares of the oil and gas company's stock valued at $1,837,000 after purchasing an additional 1,475 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Performance

OII traded up $0.35 on Wednesday, hitting $24.03. 104,603 shares of the company's stock were exchanged, compared to its average volume of 859,909. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $21.77 and a two-hundred day moving average of $20.72. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The firm has a market cap of $2.41 billion, a PE ratio of 12.17 and a beta of 1.55.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on OII. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Barclays increased their target price on Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Oceaneering International has an average rating of "Hold" and a consensus target price of $28.25.

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.