Teza Capital Management LLC Takes Position in Oceaneering International, Inc. (NYSE:OII)

Teza Capital Management LLC bought a new stake in Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,228 shares of the oil and gas company's stock, valued at approximately $528,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Oceaneering International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after purchasing an additional 69,337 shares during the period. Brown Advisory Inc. boosted its stake in shares of Oceaneering International by 22.5% in the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock valued at $133,782,000 after buying an additional 941,849 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock valued at $74,112,000 after buying an additional 355,290 shares in the last quarter. Greenhouse Funds LLLP boosted its stake in shares of Oceaneering International by 10.0% in the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock valued at $70,150,000 after buying an additional 244,362 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Oceaneering International by 14.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after buying an additional 267,230 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Price Performance

OII traded up $0.01 during trading on Friday, reaching $19.00. 458,440 shares of the stock were exchanged, compared to its average volume of 854,971. The business's 50 day moving average price is $19.04 and its two-hundred day moving average price is $23.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.19 and a beta of 1.54. 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 posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Oceaneering International's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OII shares. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Barclays decreased their price target on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oceaneering International currently has an average 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.