Raymond James Financial Inc. Invests $1.75 Million in Oceaneering International, Inc. (NYSE:OII)

Raymond James Financial Inc. bought a new stake in Oceaneering International, Inc. (NYSE:OII) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 67,067 shares of the oil and gas company’s stock, valued at approximately $1,749,000. Raymond James Financial Inc. owned 0.07% of Oceaneering International as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OII. R Squared Ltd bought a new position in Oceaneering International in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC boosted its holdings in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 3,157 shares during the period. KBC Group NV raised its holdings in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Oceaneering International in the fourth quarter worth approximately $156,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at $202,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen upped their price objective 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. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Barclays decreased their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Citigroup lowered shares of 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

Oceaneering International Stock Up 5.3 %

NYSE:OII opened at $18.69 on Friday. 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 stock has a market cap of $1.88 billion, a price-to-earnings ratio of 12.98 and a beta of 1.94. The stock has a 50-day moving average price of $19.44 and a two-hundred day moving average price of $23.90. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same quarter last year, the firm earned $0.14 EPS. Oceaneering International’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current 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.