Federated Hermes Inc. Increases Position in Oceaneering International, Inc. (NYSE:OII)

Federated Hermes Inc. increased its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,127 shares of the oil and gas company's stock after purchasing an additional 18,241 shares during the quarter. Federated Hermes Inc. owned 0.14% of Oceaneering International worth $3,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in 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 valued at $68,000 after purchasing an additional 711 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 2,131 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Oceaneering International in the fourth quarter valued at $119,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Oceaneering International in the 4th quarter valued at $200,000. Finally, Central Pacific Bank Trust Division lifted its stake in Oceaneering International by 17.6% during 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 acquiring an additional 1,380 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 0.3%

NYSE OII traded up $0.06 during trading hours on Friday, hitting $21.48. 231,072 shares of the company were exchanged, compared to its average volume of 880,950. The company has a 50 day moving average of $21.22 and a two-hundred day moving average of $21.02. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 10.85 and a beta of 1.55. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (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 company had revenue of $698.16 million during the quarter, compared to the consensus estimate of $676.81 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OII shares. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays raised their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.25.

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.