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

Wedge Capital Management L L P NC raised its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 21.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,897 shares of the oil and gas company's stock after buying an additional 12,199 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of Oceaneering International worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brown Advisory Inc. grew its position in Oceaneering International by 22.5% during the 4th 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 during the last quarter. FIL Ltd bought a new stake in Oceaneering International during the 4th quarter worth approximately $18,864,000. American Century Companies Inc. grew its stake in shares of Oceaneering International by 14.3% in the 4th 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. Cubist Systematic Strategies LLC purchased a new position in Oceaneering International in the fourth quarter worth $8,490,000. Finally, Loomis Sayles & Co. L P increased its position in Oceaneering International by 14.5% in 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 last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Up 0.2%

NYSE:OII traded up $0.05 during mid-day trading on Thursday, reaching $21.20. The company's stock had a trading volume of 217,422 shares, compared to its average volume of 839,597. The firm has a market capitalization of $2.13 billion, a PE ratio of 14.72 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 quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $18.63 and a 200-day moving average of $22.56.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, topping 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 company had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on OII shares. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Finally, Barclays decreased their target price on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Oceaneering International has a consensus rating of "Hold" and an average 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.