Renaissance Technologies LLC Invests $381,000 in Oceaneering International, Inc. (NYSE:OII)

Renaissance Technologies LLC bought a new stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,600 shares of the oil and gas company's stock, valued at approximately $381,000.

A number of other large investors also recently added to or reduced their stakes in OII. FIL Ltd purchased a new stake in shares of Oceaneering International during the fourth quarter valued at approximately $18,864,000. American Century Companies Inc. boosted its position in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock valued at $74,112,000 after buying an additional 355,290 shares during the period. Loomis Sayles & Co. L P grew its holdings in Oceaneering International by 14.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock worth $54,925,000 after acquiring an additional 267,230 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Oceaneering International by 48.0% in the fourth quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company's stock valued at $20,799,000 after acquiring an additional 258,588 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company's stock valued at $10,069,000 after acquiring an additional 253,705 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on OII. Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. 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. Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.00.

Oceaneering International Stock Up 2.1 %

OII stock opened at $19.05 on Monday. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.92 billion, a PE ratio of 13.23 and a beta of 1.94. The business has a 50 day moving average of $19.38 and a 200 day moving average of $23.85.

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, topping analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million for 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 company's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS 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.

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