Versor Investments LP Raises Stake in Oceaneering International, Inc. $OII

Key Points

• Versor Investments LP increased its holdings in Oceaneering International, Inc. by 115.1%, owning a total of 21,293 shares valued at $464,000 as of the latest reporting.
• Oceaneering International's recent quarterly earnings report showed an EPS of $0.49, surpassing analysts' expectations, with revenues of $698.16 million.
• Wall Street analysts have a mixed outlook, with one Buy rating and four Hold ratings, and the average target price set at $28.25.

Versor Investments LP raised its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 115.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,293 shares of the oil and gas company's stock after purchasing an additional 11,393 shares during the quarter. Versor Investments LP's holdings in Oceaneering International were worth $464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OII. Renaissance Technologies LLC bought a new stake in shares of Oceaneering International during the fourth quarter worth $381,000. Raymond James Financial Inc. bought a new stake in shares of Oceaneering International in the fourth quarter valued at about $1,749,000. Barclays PLC raised its holdings in shares of Oceaneering International by 64.4% in the fourth quarter. Barclays PLC now owns 296,721 shares of the oil and gas company's stock valued at $7,740,000 after acquiring an additional 116,251 shares in the last quarter. Mariner LLC raised its holdings in shares of Oceaneering International by 12.9% in the fourth quarter. Mariner LLC now owns 17,805 shares of the oil and gas company's stock valued at $464,000 after acquiring an additional 2,030 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Oceaneering International by 20.4% in the fourth quarter. First Trust Advisors LP now owns 454,276 shares of the oil and gas company's stock valued at $11,848,000 after acquiring an additional 76,844 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Up 0.4%

Shares of OII traded up $0.0990 during mid-day trading on Monday, hitting $24.0890. 239,071 shares of the company traded hands, compared to its average volume of 862,614. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.41 billion, a PE ratio of 12.18 and a beta of 1.55. The business has a 50 day moving average of $21.68 and a 200 day moving average of $20.71.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The firm had revenue of $698.16 million for the quarter, compared to the consensus estimate of $676.81 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Barclays lifted their price objective on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.25.

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.