Oceaneering International, Inc. (NYSE:OII) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 48.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 797,517 shares of the oil and gas company's stock after purchasing an additional 258,588 shares during the period. JPMorgan Chase & Co. owned 0.79% of Oceaneering International worth $20,799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Advisors LLC boosted its holdings in Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Oceaneering International by 0.6% during 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 buying an additional 446 shares during the period. LPL Financial LLC increased its position in Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after acquiring an additional 451 shares during the period. Captrust Financial Advisors lifted its position in Oceaneering International by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock worth $380,000 after acquiring an additional 578 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Oceaneering International by 6.3% during the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock worth $286,000 after purchasing an additional 687 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OII shares. TD Cowen increased their price target 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. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Citigroup downgraded 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. Barclays dropped their target price on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Finally, Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.25.

Oceaneering International Stock Up 2.0 %

NYSE OII traded up $0.34 on Wednesday, hitting $17.29. 61,423 shares of the stock traded hands, compared to its average volume of 852,861. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.75 billion, a P/E ratio of 12.01 and a beta of 1.94. The stock has a 50-day moving average of $21.10 and a 200 day moving average of $24.55.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly 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). The company had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal 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.