165,100 Shares in Oceaneering International, Inc. (NYSE:OII) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 165,100 shares of the oil and gas company's stock, valued at approximately $3,513,000. Hillsdale Investment Management Inc. owned about 0.16% of Oceaneering International at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Oceaneering International during the fourth quarter valued at about $15,161,000. Roubaix Capital LLC acquired a new position in Oceaneering International during the fourth quarter worth $1,514,000. Dimensional Fund Advisors LP boosted its position in shares of Oceaneering International by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company's stock worth $56,654,000 after buying an additional 34,181 shares during the period. Natixis Advisors L.P. grew its stake in shares of Oceaneering International by 4.5% in the fourth quarter. Natixis Advisors L.P. now owns 35,375 shares of the oil and gas company's stock valued at $752,000 after buying an additional 1,516 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Oceaneering International by 14.4% during the 4th quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company's stock worth $331,000 after acquiring an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Up 1.3 %

Shares of OII traded up $0.31 during midday trading on Monday, reaching $24.03. The stock had a trading volume of 893,200 shares, compared to its average volume of 820,273. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.45. The company's fifty day simple moving average is $23.29 and its two-hundred day simple moving average is $21.66. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 22.67 and a beta of 2.44. Oceaneering International, Inc. has a 1-year low of $14.99 and a 1-year high of $27.46.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). The business had revenue of $599.09 million for the quarter, compared to analyst estimates of $613.58 million. Oceaneering International had a return on equity of 14.82% and a net margin of 4.36%. Equities research analysts expect that Oceaneering International, Inc. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on OII. Benchmark reiterated a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a research note on Thursday, April 25th. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. Finally, Barclays reiterated an "underweight" rating and issued a $21.00 target price (down from $22.00) on shares of Oceaneering International in a report on Tuesday, May 14th.

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.