Sumitomo Mitsui Trust Group Inc. Has $604,000 Holdings in Oceaneering International, Inc. (NYSE:OII)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 62.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,675 shares of the oil and gas company’s stock after purchasing an additional 10,628 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Oceaneering International were worth $604,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Oceaneering International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock valued at $325,492,000 after acquiring an additional 69,337 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Oceaneering International by 22.5% during the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock worth $133,782,000 after purchasing an additional 941,849 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after purchasing an additional 355,290 shares during the last quarter. Greenhouse Funds LLLP raised its holdings in shares of Oceaneering International by 10.0% during 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 purchasing an additional 244,362 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted 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 purchasing an additional 267,230 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Down 0.8%

Oceaneering International stock opened at $21.29 on Friday. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.58 and a current ratio of 1.89. The firm has a market capitalization of $2.14 billion, a PE ratio of 11.96 and a beta of 1.48. The business’s 50-day simple moving average is $19.97 and its 200-day simple moving average is $21.73.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The company had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. During the same period in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Wall Street Zen raised 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 report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.