Vanguard Group Inc. Has $269.61 Million Position in Oceaneering International, Inc. $OII

Vanguard Group Inc. lowered its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,361,546 shares of the oil and gas company's stock after selling 118,971 shares during the period. Vanguard Group Inc. owned approximately 12.29% of Oceaneering International worth $269,605,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of OII. GAMMA Investing LLC grew its position in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 711 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 2,131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Oceaneering International during the 4th quarter valued at $119,000. Vestcor Inc purchased a new position in shares of Oceaneering International during the 1st quarter valued at $156,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Oceaneering International during the 4th quarter valued at $200,000. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on OII shares. Wall Street Zen cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Barclays boosted their price target on shares of Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $28.25.

Oceaneering International Stock Performance

Oceaneering International stock traded up $1.0840 on Friday, reaching $24.0540. 92,413 shares of the stock were exchanged, compared to its average volume of 863,459. The stock has a market cap of $2.41 billion, a PE ratio of 12.14 and a beta of 1.55. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The firm has a fifty day moving average price of $21.63 and a two-hundred day moving average price of $20.78.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. The firm had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.