Louisiana State Employees Retirement System Buys New Shares in Oceaneering International, Inc. (NYSE:OII)

Louisiana State Employees Retirement System bought a new stake in shares of Oceaneering International, Inc. (NYSE:OII) during the 4th quarter, HoldingsChannel.com reports. The fund bought 50,400 shares of the oil and gas company’s stock, valued at approximately $1,073,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hennessy Advisors Inc. lifted its position in shares of Oceaneering International by 541.1% in the 4th quarter. Hennessy Advisors Inc. now owns 982,200 shares of the oil and gas company’s stock worth $20,901,000 after purchasing an additional 829,000 shares during the period. Raymond James & Associates lifted its position in shares of Oceaneering International by 8.3% in the 4th quarter. Raymond James & Associates now owns 62,941 shares of the oil and gas company’s stock worth $1,339,000 after purchasing an additional 4,849 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in shares of Oceaneering International by 10.3% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 34,638 shares of the oil and gas company’s stock worth $737,000 after purchasing an additional 3,248 shares during the period. American Century Companies Inc. lifted its position in shares of 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 worth $33,253,000 after purchasing an additional 95,231 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Oceaneering International by 11.9% in the 3rd quarter. Sei Investments Co. now owns 556,869 shares of the oil and gas company’s stock worth $14,323,000 after purchasing an additional 59,346 shares during the period. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on OII. Barclays dropped their target price on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th. StockNews.com raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

Oceaneering International Trading Up 2.6 %

Shares of NYSE OII opened at $23.21 on Wednesday. Oceaneering International, Inc. has a 1 year low of $14.99 and a 1 year high of $27.46. The stock has a market cap of $2.35 billion, a P/E ratio of 24.43 and a beta of 2.49. The firm has a 50-day moving average of $22.39 and a 200 day moving average of $21.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.78 and a quick ratio of 1.50.

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

Oceaneering International Company 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.