Deutsche Bank AG Raises Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Deutsche Bank AG increased its position in Oceaneering International, Inc. (NYSE:OII) by 45.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,923 shares of the oil and gas company’s stock after acquiring an additional 27,938 shares during the period. Deutsche Bank AG owned approximately 0.09% of Oceaneering International worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OII. R Squared Ltd purchased a new position in shares of Oceaneering International during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC raised its stake in shares of Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 2,131 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 3,157 shares during the last quarter. KBC Group NV raised its stake in shares of Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Oceaneering International in the 4th quarter valued at about $156,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 0.4%

OII stock opened at $18.98 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. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 13.18 and a beta of 1.54. The business’s 50-day moving average is $19.08 and its 200 day moving average is $23.35.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company had revenue of $674.52 million for the quarter, compared to analysts’ expectations of $651.96 million. During the same period in the previous year, the firm posted $0.14 EPS. Oceaneering International’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the subject of several recent analyst reports. Barclays cut their price target on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Oceaneering International currently has a consensus rating of “Hold” and an average target price of $28.00.

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.