Oceaneering International, Inc. (NYSE:OII) Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,234 shares of the oil and gas company's stock after purchasing an additional 12,085 shares during the quarter. Principal Financial Group Inc. owned approximately 0.53% of Oceaneering International worth $11,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake 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 during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Oceaneering International by 191.5% in 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. purchased a new stake in shares of Oceaneering International in the fourth quarter worth about $119,000. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International in the fourth quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Oceaneering International in the fourth quarter worth about $200,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Down 0.9%

OII traded down $0.18 on Wednesday, reaching $20.47. The company's stock had a trading volume of 331,115 shares, compared to its average volume of 844,063. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 11.50 and a beta of 1.48. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.58. The business's 50 day moving average is $20.38 and its 200 day moving average is $21.55.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. Oceaneering International's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OII shares. Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.00.

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.