Gamco Investors INC. ET AL Raises Position in Oceaneering International, Inc. (NYSE:OII)

Gamco Investors INC. ET AL raised its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 371,040 shares of the oil and gas company's stock after acquiring an additional 26,750 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.37% of Oceaneering International worth $9,677,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in Oceaneering International in the fourth quarter worth $40,000. Smartleaf Asset Management LLC grew its position in shares of Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after buying an additional 3,157 shares during the period. KBC Group NV increased its stake in shares of Oceaneering International by 72.6% in the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock worth $136,000 after acquiring an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Oceaneering International during the 4th quarter valued at about $156,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in Oceaneering International during the fourth quarter worth about $202,000. Institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Performance

Shares of NYSE:OII traded down $0.56 during midday trading on Monday, reaching $17.34. 69,372 shares of the company's stock traded hands, compared to its average volume of 853,431. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. 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 $1.75 billion, a price-to-earnings ratio of 12.04 and a beta of 1.94. The stock has a 50 day moving average of $20.64 and a 200 day moving average of $24.38.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. As a group, equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

OII has been the subject of a number of analyst reports. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a research note 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. Finally, Barclays cut their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.25.

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.