New York State Teachers Retirement System Has $3.75 Million Position in Oceaneering International, Inc. (NYSE:OII)

New York State Teachers Retirement System lessened its position in Oceaneering International, Inc. (NYSE:OII) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,052 shares of the oil and gas company’s stock after selling 8,710 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of Oceaneering International worth $3,752,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OII. Vanguard Group Inc. grew its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock worth $325,492,000 after acquiring an additional 69,337 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Oceaneering International by 22.5% during the fourth 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. grew its position in Oceaneering International by 14.3% in the fourth 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 purchasing an additional 355,290 shares in the last quarter. Greenhouse Funds LLLP grew its position in Oceaneering International by 10.0% in the fourth 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 increased its stake in 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 last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OII. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st. Finally, Barclays reduced their price objective on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.00.

Oceaneering International Price Performance

OII stock opened at $21.29 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 11.96 and a beta of 1.48. The company’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $21.71. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII) last issued its earnings results 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 net margin of 6.68% and a return on equity of 20.59%. The business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Oceaneering International’s revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current 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.