Greenhouse Funds LLLP Boosts Stock Position in Oceaneering International, Inc. (NYSE:OII)

Greenhouse Funds LLLP boosted its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,689,795 shares of the oil and gas company's stock after purchasing an additional 244,362 shares during the period. Oceaneering International comprises 2.9% of Greenhouse Funds LLLP's investment portfolio, making the stock its 19th biggest position. Greenhouse Funds LLLP owned approximately 2.66% of Oceaneering International worth $70,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OII. Hsbc Holdings PLC lifted its stake in Oceaneering International by 122.7% in the 4th quarter. Hsbc Holdings PLC now owns 42,036 shares of the oil and gas company's stock valued at $1,102,000 after buying an additional 23,158 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Oceaneering International by 2.1% in the fourth quarter. Stifel Financial Corp now owns 70,418 shares of the oil and gas company's stock valued at $1,837,000 after acquiring an additional 1,475 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 2,131 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Oceaneering International by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 61,655 shares of the oil and gas company's stock valued at $1,608,000 after acquiring an additional 3,345 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Oceaneering International by 20.4% during the 4th quarter. First Trust Advisors LP now owns 454,276 shares of the oil and gas company's stock worth $11,848,000 after purchasing an additional 76,844 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Down 0.5 %

Shares of NYSE OII traded down $0.09 on Friday, hitting $17.83. The company had a trading volume of 1,229,222 shares, compared to its average volume of 861,708. 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, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The firm has a market capitalization of $1.80 billion, a P/E ratio of 12.38 and a beta of 1.94. The business has a 50 day moving average of $19.87 and a two-hundred day moving average of $24.10.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $651.96 million. As a group, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Citigroup cut 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. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. TD Cowen lifted 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. Finally, Barclays dropped their target price on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note 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 currently has an average rating of "Hold" and an average 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.