Raymond James & Associates Increases Holdings in Oceaneering International, Inc. (NYSE:OII)

Raymond James & Associates increased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 62,941 shares of the oil and gas company’s stock after acquiring an additional 4,849 shares during the period. Raymond James & Associates’ holdings in Oceaneering International were worth $1,339,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Oceaneering International by 27.0% during the 3rd quarter. Invesco Ltd. now owns 1,202,565 shares of the oil and gas company’s stock worth $30,930,000 after purchasing an additional 256,036 shares during the period. FMR LLC boosted its position in Oceaneering International by 18.9% during the 3rd quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock worth $114,134,000 after purchasing an additional 705,534 shares during the period. Bank of New York Mellon Corp boosted its position in Oceaneering International by 79.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,660,361 shares of the oil and gas company’s stock worth $42,704,000 after purchasing an additional 734,518 shares during the period. Lazard Asset Management LLC purchased a new stake in Oceaneering International during the 3rd quarter worth $629,000. Finally, American Century Companies Inc. boosted its position in Oceaneering International by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 1,292,868 shares of the oil and gas company’s stock valued at $33,253,000 after buying an additional 95,231 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 1.4 %

Shares of Oceaneering International stock opened at $22.60 on Friday. The business has a 50-day moving average of $22.31 and a 200-day moving average of $21.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.78 and a quick ratio of 1.50. The company has a market capitalization of $2.29 billion, a PE ratio of 23.79 and a beta of 2.49. Oceaneering International, Inc. has a 1-year low of $14.99 and a 1-year high of $27.46.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The company had revenue of $654.60 million for the quarter, compared to the consensus estimate of $624.81 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities analysts forecast that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on OII shares. Barclays lowered their target price on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Thursday.

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.