Wealth Enhancement Advisory Services LLC Takes $475,000 Position in Oceaneering International, Inc. (NYSE:OII)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,196 shares of the oil and gas company's stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Oceaneering International during the 4th quarter valued at approximately $531,000. Old West Investment Management LLC bought a new stake in Oceaneering International during the fourth quarter valued at $1,565,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock worth $33,869,000 after purchasing an additional 58,081 shares during the period. Principal Financial Group Inc. lifted its position in shares of Oceaneering International by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after buying an additional 16,269 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Oceaneering International by 48.0% in the 4th quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company's stock valued at $20,799,000 after buying an additional 258,588 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. Barclays lowered their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Oceaneering International Price Performance

OII stock traded up $0.00 on Monday, hitting $21.42. 830,275 shares of the company's stock traded hands, compared to its average volume of 843,513. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 14.88 and a beta of 1.48. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $18.94 and a 200-day moving average of $22.28.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million during 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%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.