Oceaneering International, Inc. (NYSE:OII) Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 122.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,036 shares of the oil and gas company's stock after purchasing an additional 23,158 shares during the period. Hsbc Holdings PLC's holdings in Oceaneering International were worth $1,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OII. Inspire Advisors LLC increased its position in shares of Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after purchasing an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock worth $1,853,000 after purchasing an additional 446 shares in the last quarter. LPL Financial LLC increased its holdings in Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after buying an additional 451 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after buying an additional 584 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock worth $3,090,000 after buying an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

OII has been the topic of several research analyst reports. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Barclays cut their target price 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. TD Cowen upped their target price on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Citigroup downgraded Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Performance

Oceaneering International stock traded up $0.30 during midday trading on Tuesday, reaching $18.65. 677,775 shares of the stock traded hands, compared to its average volume of 862,939. The firm has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $23.77. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 12.95 and a beta of 1.54. 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 (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, topping analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analyst estimates 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 for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share 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.