First Trust Advisors LP Grows Stock Position in Oceaneering International, Inc. (NYSE:OII)

First Trust Advisors LP boosted its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 454,276 shares of the oil and gas company's stock after purchasing an additional 76,844 shares during the period. First Trust Advisors LP owned about 0.45% of Oceaneering International worth $11,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OII. Vanguard Group Inc. raised its holdings in shares of Oceaneering International by 0.6% in 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 buying an additional 69,337 shares during the period. American Century Companies Inc. lifted its holdings in Oceaneering International by 14.3% during the 4th 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. Loomis Sayles & Co. L P boosted its position in Oceaneering International by 14.5% in the 4th 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 during the period. Franklin Resources Inc. grew its stake in Oceaneering International by 5.8% in the 4th quarter. Franklin Resources Inc. now owns 2,039,875 shares of the oil and gas company's stock worth $53,200,000 after acquiring an additional 111,095 shares in the last quarter. Finally, Congress Asset Management Co. increased its position in shares of Oceaneering International by 11.2% during the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company's stock worth $45,283,000 after acquiring an additional 175,434 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OII. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays decreased their price objective on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $28.00.

Oceaneering International Stock Up 5.3 %

Shares of NYSE OII traded up $0.94 during mid-day trading on Thursday, reaching $18.69. 626,414 shares of the company were exchanged, compared to its average volume of 863,658. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The firm has a 50-day moving average of $19.51 and a 200 day moving average of $23.95. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.01 and a beta of 1.94. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $651.96 million. During the same period last year, the business earned $0.14 EPS. The company's revenue was up 12.6% compared to the same quarter last year. On average, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.