Oceaneering International, Inc. (NYSE:OII) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in Oceaneering International, Inc. (NYSE:OII) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 258,594 shares of the oil and gas company’s stock after buying an additional 2,070 shares during the quarter. Rhumbline Advisers owned 0.26% of Oceaneering International worth $5,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Oceaneering International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock valued at $325,492,000 after buying an additional 69,337 shares during the period. Brown Advisory Inc. boosted its stake in shares of Oceaneering International by 22.5% in the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock valued at $133,782,000 after buying an additional 941,849 shares during the period. American Century Companies Inc. boosted its stake in shares of Oceaneering International by 14.3% in 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. Greenhouse Funds LLLP boosted its stake in shares of Oceaneering International by 10.0% in the 4th quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company’s stock valued at $70,150,000 after buying an additional 244,362 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of 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 valued at $54,925,000 after buying an additional 267,230 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OII shares. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Sunday, June 1st. Finally, 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 note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.00.

Oceaneering International Price Performance

OII stock opened at $21.26 on Friday. The business has a 50 day moving average price of $18.72 and a 200 day moving average price of $22.50. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.76 and a beta of 1.48. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week 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.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million during 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 firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share 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.