30,480 Shares in Oceaneering International, Inc. (NYSE:OII) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,480 shares of the oil and gas company's stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OII. R Squared Ltd purchased a new position in Oceaneering International in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC raised its holdings in Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after buying an additional 2,131 shares during the period. Smartleaf Asset Management LLC raised its holdings in Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock valued at $104,000 after buying an additional 3,157 shares during the period. KBC Group NV raised its holdings in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after buying an additional 2,192 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Oceaneering International in the fourth quarter valued at approximately $156,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

OII has been the topic of several research reports. StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Barclays cut their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Oceaneering International currently has a consensus rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Down 1.2%

NYSE:OII traded down $0.24 during trading hours on Friday, hitting $19.65. The stock had a trading volume of 581,183 shares, compared to its average volume of 861,002. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The business has a 50 day simple moving average of $19.14 and a two-hundred day simple moving average of $23.50. The company has a market cap of $1.98 billion, a PE ratio of 13.64 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last released 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. The company had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current 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.