Oceaneering International, Inc. (NYSE:OII) Stock Holdings Boosted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,897 shares of the oil and gas company's stock after acquiring an additional 12,199 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.07% of Oceaneering International worth $1,524,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brown Advisory Inc. raised its stake in Oceaneering International by 22.5% during the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock valued at $133,782,000 after buying an additional 941,849 shares in the last quarter. FIL Ltd acquired a new stake in Oceaneering International during the fourth quarter valued at approximately $18,864,000. American Century Companies Inc. raised its stake in Oceaneering International by 14.3% during the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock valued at $74,112,000 after buying an additional 355,290 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Oceaneering International during the fourth quarter valued at approximately $8,490,000. Finally, Loomis Sayles & Co. L P raised its stake in 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 valued at $54,925,000 after buying an additional 267,230 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Performance

OII traded up $0.15 during trading hours on Friday, hitting $21.40. The company's stock had a trading volume of 927,285 shares, compared to its average volume of 843,566. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week 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 firm has a market capitalization of $2.15 billion, a PE ratio of 14.86 and a beta of 1.48. The company has a 50-day simple moving average of $18.83 and a 200 day simple moving average of $22.44.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. During the same period last year, the firm earned $0.14 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

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