Oceaneering International (NYSE:OII) Given New $47.00 Price Target at Barclays

Oceaneering International (NYSE:OII) had its price target raised by Barclays from $39.00 to $47.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the oil and gas company’s stock.

A number of other analysts also recently commented on OII. Citigroup boosted their price target on shares of Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Oceaneering International Stock Performance

OII stock opened at $52.16 on Monday. The company has a 50-day simple moving average of $40.08 and a 200 day simple moving average of $36.25. The company has a market capitalization of $5.20 billion, a P/E ratio of 14.99 and a beta of 1.15. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. Oceaneering International has a fifty-two week low of $20.79 and a fifty-two week high of $53.98.

Insider Transactions at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the transaction, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently bought and sold shares of OII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Oceaneering International by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock valued at $1,312,000 after purchasing an additional 2,633 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Oceaneering International by 1.9% in the 1st quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock worth $2,634,000 after purchasing an additional 2,310 shares in the last quarter. Strs Ohio acquired a new stake in Oceaneering International during the first quarter valued at approximately $168,000. Norges Bank acquired a new stake in Oceaneering International during the second quarter valued at approximately $1,485,000. Finally, Invesco Ltd. boosted its holdings in Oceaneering International by 8.0% during the second quarter. Invesco Ltd. now owns 650,188 shares of the oil and gas company’s stock worth $13,472,000 after buying an additional 48,382 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Company Profile

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.