Principal Financial Group Inc. Purchases 12,085 Shares of Oceaneering International, Inc. (NYSE:OII)

Principal Financial Group Inc. raised its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,234 shares of the oil and gas company's stock after purchasing an additional 12,085 shares during the period. Principal Financial Group Inc. owned 0.53% of Oceaneering International worth $11,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after acquiring an additional 451 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after acquiring an additional 584 shares during the period. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 711 shares during the period. Atria Investments Inc raised its position in shares of Oceaneering International by 4.2% in the 4th quarter. Atria Investments Inc now owns 20,172 shares of the oil and gas company's stock valued at $526,000 after acquiring an additional 814 shares during the period. Finally, Swiss National Bank raised its position in shares of Oceaneering International by 0.5% in the 4th quarter. Swiss National Bank now owns 199,648 shares of the oil and gas company's stock valued at $5,207,000 after acquiring an additional 1,000 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Up 0.5%

OII stock traded up $0.11 during mid-day trading on Thursday, hitting $20.59. 851,405 shares of the company were exchanged, compared to its average volume of 844,546. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.58 and a current ratio of 1.89. The firm has a market cap of $2.07 billion, a P/E ratio of 11.57 and a beta of 1.48. The firm's 50 day simple moving average is $20.45 and its 200 day simple moving average is $21.51. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays cut 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $28.00.

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.