Oceaneering International, Inc. $OII Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 64.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,642 shares of the oil and gas company’s stock after acquiring an additional 57,719 shares during the period. Deutsche Bank AG owned about 0.15% of Oceaneering International worth $3,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OII. Bank of Montreal Can raised its holdings in Oceaneering International by 5.5% during the fourth quarter. Bank of Montreal Can now owns 21,387 shares of the oil and gas company’s stock worth $558,000 after purchasing an additional 1,119 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Oceaneering International during the fourth quarter worth approximately $381,000. Raymond James Financial Inc. acquired a new stake in Oceaneering International during the fourth quarter worth approximately $1,749,000. Summit Investment Advisors Inc. raised its holdings in Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 584 shares in the last quarter. Finally, Barclays PLC raised its holdings in Oceaneering International by 64.4% during the fourth quarter. Barclays PLC now owns 296,721 shares of the oil and gas company’s stock worth $7,740,000 after purchasing an additional 116,251 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII opened at $22.88 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00. The stock has a market capitalization of $2.29 billion, a P/E ratio of 11.56 and a beta of 1.55. The company’s fifty day moving average is $21.53 and its two-hundred day moving average is $20.76. 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 quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $698.16 million for the quarter, compared to analysts’ expectations of $676.81 million. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. Oceaneering International’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.25.

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.