18,196 Shares in Oceaneering International, Inc. (NYSE:OII) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,196 shares of the oil and gas company's stock, valued at approximately $475,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Oceaneering International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock worth $325,492,000 after acquiring an additional 69,337 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Oceaneering International by 22.5% in the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock worth $133,782,000 after acquiring an additional 941,849 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after acquiring an additional 355,290 shares in the last quarter. Greenhouse Funds LLLP boosted its position in shares of Oceaneering International by 10.0% during the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock worth $70,150,000 after buying an additional 244,362 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock worth $54,925,000 after buying an additional 267,230 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Stock Up 0.7%

Oceaneering International stock traded up $0.15 during trading hours on Friday, hitting $21.40. 927,285 shares of the stock traded hands, compared to its average volume of 843,566. The firm's 50-day moving average price is $18.83 and its two-hundred day moving average price is $22.39. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a market cap of $2.15 billion, a PE ratio of 14.86 and a beta of 1.48. The company has a current ratio of 1.74, a quick ratio of 1.46 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 analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same period in the previous year, the business earned $0.14 EPS. The company's quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OII shares. Wall Street Zen upgraded Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Barclays reduced their price objective 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 report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Oceaneering International has a consensus rating of "Hold" and a consensus target price of $28.00.

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.