Charles Schwab Investment Management Inc. Grows Holdings in Oceaneering International, Inc. $OII

Charles Schwab Investment Management Inc. raised its position in Oceaneering International, Inc. (NYSE:OII) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,331,297 shares of the oil and gas company’s stock after buying an additional 32,639 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of Oceaneering International worth $29,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Advisory Inc. increased its stake in shares of Oceaneering International by 27.6% during the first quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company’s stock worth $142,767,000 after purchasing an additional 1,416,251 shares in the last quarter. Greenhouse Funds LLLP increased its stake in shares of Oceaneering International by 10.0% during the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company’s stock worth $70,150,000 after purchasing an additional 244,362 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of Oceaneering International by 3.1% during the first quarter. Congress Asset Management Co. now owns 1,790,545 shares of the oil and gas company’s stock worth $39,052,000 after purchasing an additional 54,238 shares in the last quarter. Northern Trust Corp increased its stake in shares of Oceaneering International by 19.4% during the fourth quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company’s stock worth $32,102,000 after purchasing an additional 200,183 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Oceaneering International by 15.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 984,542 shares of the oil and gas company’s stock worth $21,473,000 after purchasing an additional 129,793 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 1.6%

Shares of NYSE OII opened at $22.5470 on Wednesday. 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 $2.26 billion, a PE ratio of 11.39 and a beta of 1.55. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $21.57 and a 200 day moving average of $20.78.

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. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The company had revenue of $698.16 million during the quarter, compared to analysts’ expectations of $676.81 million. During the same quarter in the prior year, the company earned $0.28 EPS. Oceaneering International’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on OII shares. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Barclays boosted their target price on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average target price 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.