UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 14,822 Shares of Oceaneering International, Inc. (NYSE:OII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,599 shares of the oil and gas company's stock after purchasing an additional 14,822 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Oceaneering International worth $4,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Advisors LLC lifted its position in shares of Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after buying an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Oceaneering International by 0.6% during 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 in the last quarter. LPL Financial LLC increased its stake in 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 worth $1,467,000 after acquiring an additional 451 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Oceaneering International by 5.8% during the 4th 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 in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Oceaneering International by 0.6% during the 4th 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 in the last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Trading Up 0.8%

OII traded up $0.16 during trading on Friday, reaching $20.24. The company had a trading volume of 619,940 shares, compared to its average volume of 843,380. The stock has a market cap of $2.04 billion, a P/E ratio of 14.06 and a beta of 1.48. The business has a 50 day simple moving average of $18.57 and a 200-day simple moving average of $22.65. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The business 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 5.54% and a return on equity of 17.29%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OII shares. Wall Street Zen raised shares of Oceaneering International from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Barclays dropped their price objective on shares of 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. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.