Deutsche Bank AG Purchases 57,719 Shares of Oceaneering International, Inc. $OII

Key Points

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Deutsche Bank AG lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 64.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,642 shares of the oil and gas company's stock after acquiring an additional 57,719 shares during the quarter. Deutsche Bank AG owned approximately 0.15% of Oceaneering International worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised 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 acquiring an additional 711 shares during the last quarter. Tower Research Capital LLC TRC raised 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 acquiring an additional 2,131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Oceaneering International during the fourth quarter worth about $119,000. Vestcor Inc bought a new position in shares of Oceaneering International during the first quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Oceaneering International during the fourth quarter worth about $200,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OII has been the subject of a number of analyst reports. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Barclays raised their price objective on Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $28.25.

Oceaneering International Trading Up 4.4%

OII stock traded up $1.0020 during mid-day trading on Friday, reaching $23.9720. The company's stock had a trading volume of 574,255 shares, compared to its average volume of 721,856. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 12.11 and a beta of 1.55. The business's 50 day moving average price is $21.68 and its 200 day moving average price is $20.73. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98.

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

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.