Vident Investment Advisory LLC grew its holdings in Oceaneering International (NYSE:OII) by 86.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,726,591 shares of the oil and gas company’s stock after buying an additional 799,455 shares during the quarter. Oceaneering International comprises 1.6% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 3rd biggest holding. Vident Investment Advisory LLC owned 1.76% of Oceaneering International worth $36,500,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of OII. Magnetar Financial LLC purchased a new position in Oceaneering International during the third quarter worth $1,684,000. BNP Paribas Arbitrage SA grew its position in shares of Oceaneering International by 76.0% in the third quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock valued at $5,193,000 after purchasing an additional 85,357 shares during the period. California Public Employees Retirement System grew its position in shares of Oceaneering International by 5.6% in the third quarter. California Public Employees Retirement System now owns 368,327 shares of the oil and gas company’s stock valued at $9,676,000 after purchasing an additional 19,627 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Oceaneering International by 1.1% in the third quarter. Deprince Race & Zollo Inc. now owns 743,920 shares of the oil and gas company’s stock valued at $19,543,000 after purchasing an additional 8,350 shares during the period. Finally, Boston Partners grew its position in shares of Oceaneering International by 48.0% in the fourth quarter. Boston Partners now owns 267,959 shares of the oil and gas company’s stock valued at $5,665,000 after purchasing an additional 86,936 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Oceaneering International from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Cowen set a $16.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Jefferies Group upgraded Oceaneering International from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $18.82 to $19.00 in a research note on Wednesday, March 14th. Barclays reiterated an “equal weight” rating on shares of Oceaneering International in a research note on Tuesday, February 27th. Finally, Loop Capital cut their price target on Oceaneering International from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. Oceaneering International currently has a consensus rating of “Hold” and a consensus price target of $21.97.
Shares of OII stock opened at $18.57 on Friday. The company has a market capitalization of $1,831.36, a P/E ratio of -265.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $28.21.
Oceaneering International (NYSE:OII) last released its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $484.20 million during the quarter, compared to the consensus estimate of $435.90 million. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. equities research analysts forecast that Oceaneering International will post -0.65 EPS for the current fiscal year.
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About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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