XTX Topco Ltd Invests $382,000 in Oceaneering International, Inc. (NYSE:OII)

Key Points

• XTX Topco Ltd acquired 17,523 shares of Oceaneering International, Inc. (NYSE:OII), valued at approximately $382,000, during the first quarter.
• At present, 93.93% of Oceaneering's stock is owned by institutional investors and hedge funds, indicating strong institutional interest.
• Oceaneering International reported a quarterly EPS of $0.49, exceeding analyst expectations of $0.42, and has a revenue growth of 4.5% year-over-year.

XTX Topco Ltd acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,523 shares of the oil and gas company's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Oceaneering International by 62.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,675 shares of the oil and gas company's stock worth $604,000 after acquiring an additional 10,628 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Oceaneering International by 2.3% in the first quarter. Principal Financial Group Inc. now owns 539,234 shares of the oil and gas company's stock valued at $11,761,000 after acquiring an additional 12,085 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Oceaneering International in the first quarter valued at $546,000. Envestnet Asset Management Inc. raised its stake in shares of Oceaneering International by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 326,978 shares of the oil and gas company's stock valued at $7,131,000 after acquiring an additional 4,950 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Oceaneering International by 21.1% in the first quarter. Wedge Capital Management L L P NC now owns 69,897 shares of the oil and gas company's stock valued at $1,524,000 after acquiring an additional 12,199 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OII. Wall Street Zen downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Sunday. Barclays lifted their price target on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Oceaneering International presently has an average rating of "Hold" and a consensus price target of $28.25.

Oceaneering International Price Performance

Oceaneering International stock traded up $0.16 during trading hours on Wednesday, hitting $22.28. The stock had a trading volume of 166,732 shares, compared to its average volume of 875,918. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.00 and a quick ratio of 1.67. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.26 and a beta of 1.55. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The stock's fifty day moving average is $21.34 and its two-hundred day moving average is $20.87.

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, topping the consensus estimate of $0.42 by $0.07. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%. The business had revenue of $698.16 million for the quarter, compared to analysts' expectations of $676.81 million. During the same quarter last year, the firm earned $0.28 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. As a group, analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

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.