Boston Trust Walden Corp Purchases 68,825 Shares of Oceaneering International, Inc. $OII

Boston Trust Walden Corp raised its position in Oceaneering International, Inc. (NYSE:OII) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,950 shares of the oil and gas company’s stock after purchasing an additional 68,825 shares during the quarter. Boston Trust Walden Corp owned 0.59% of Oceaneering International worth $14,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ieq Capital LLC bought a new position in Oceaneering International in the first quarter worth approximately $389,000. State of Alaska Department of Revenue increased its position in Oceaneering International by 7.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 59,900 shares of the oil and gas company’s stock valued at $1,241,000 after purchasing an additional 3,903 shares during the period. Greenhouse Funds LLLP boosted its stake in shares of Oceaneering International by 9.9% during the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after purchasing an additional 223,724 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Oceaneering International by 27.5% during the second quarter. Schroder Investment Management Group now owns 448,394 shares of the oil and gas company’s stock worth $9,291,000 after buying an additional 96,795 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Oceaneering International by 25.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 408,844 shares of the oil and gas company’s stock valued at $8,917,000 after acquiring an additional 83,302 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OII has been the subject of several analyst reports. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research report on Monday, December 22nd. Barclays raised their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, TD Cowen raised their price objective on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.00.

Oceaneering International Stock Performance

Shares of OII stock opened at $24.10 on Tuesday. The business has a fifty day moving average of $24.34 and a 200 day moving average of $23.33. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $28.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.53 and a beta of 1.29.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The business had revenue of $742.90 million for the quarter, compared to analyst estimates of $709.48 million. During the same period in the prior year, the company earned $0.36 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.