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

Teza Capital Management LLC purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,228 shares of the oil and gas company's stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Advisors LLC grew its holdings in Oceaneering International by 4.9% during the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Oceaneering International by 0.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock valued at $1,853,000 after buying an additional 446 shares during the last quarter. LPL Financial LLC grew its stake in shares of Oceaneering International by 0.8% during the fourth 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 in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after acquiring an additional 584 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Oceaneering International by 0.6% during the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock worth $3,090,000 after acquiring an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Price Performance

OII opened at $19.74 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The company's 50-day moving average price is $19.14 and its 200 day moving average price is $23.45. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 13.71 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. During the same quarter last year, the business posted $0.14 EPS. The business's revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Oceaneering International Company 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.

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