Oceaneering International, Inc. (NYSE:OII) Given Consensus Rating of “Hold” by Brokerages

Oceaneering International, Inc. (NYSE:OII) has been given an average rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts recently issued reports on the company. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 29th. TD Cowen boosted 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. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Barclays lifted their price target on shares of Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th.

Oceaneering International Stock Performance

Shares of OII stock opened at $31.00 on Wednesday. The firm has a 50 day moving average of $25.78 and a two-hundred day moving average of $24.16. The stock has a market capitalization of $3.09 billion, a PE ratio of 13.53 and a beta of 1.24. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. Oceaneering International has a 52 week low of $15.46 and a 52 week high of $31.44.

Insider Activity at Oceaneering International

In related news, SVP Jennifer Fremont Simons sold 29,155 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.35, for a total transaction of $768,234.25. Following the completion of the transaction, the senior vice president owned 52,344 shares in the company, valued at approximately $1,379,264.40. The trade was a 35.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oceaneering International by 6.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,457 shares of the oil and gas company’s stock worth $732,000 after acquiring an additional 1,749 shares in the last quarter. CWM LLC increased its stake in Oceaneering International by 12.8% in the fourth quarter. CWM LLC now owns 19,973 shares of the oil and gas company’s stock valued at $480,000 after purchasing an additional 2,272 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Oceaneering International by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after purchasing an additional 380 shares during the last quarter. Choreo LLC acquired a new stake in Oceaneering International during the fourth quarter worth approximately $261,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Oceaneering International by 18.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 30,710 shares of the oil and gas company’s stock worth $738,000 after buying an additional 4,881 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.