Oceaneering International (OII) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Oceaneering International (NYSE:OII) by 151.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 300,031 shares of the oil and gas company’s stock after purchasing an additional 180,504 shares during the period. Russell Investments Group Ltd. owned 0.30% of Oceaneering International worth $5,560,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in OII. Schwab Charles Investment Management Inc. grew its holdings in shares of Oceaneering International by 6.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 437,411 shares of the oil and gas company’s stock worth $9,247,000 after purchasing an additional 24,592 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Oceaneering International by 304.9% during the fourth quarter. Teacher Retirement System of Texas now owns 32,917 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 24,788 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Oceaneering International by 5.0% during the fourth quarter. California Public Employees Retirement System now owns 386,565 shares of the oil and gas company’s stock worth $8,172,000 after purchasing an additional 18,238 shares during the last quarter. New Mexico Educational Retirement Board acquired a new position in shares of Oceaneering International during the fourth quarter valued at $514,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Oceaneering International by 27.2% during the fourth quarter. Wells Fargo & Company MN now owns 219,057 shares of the oil and gas company’s stock valued at $4,632,000 after acquiring an additional 46,850 shares during the period. Institutional investors own 99.61% of the company’s stock.

Oceaneering International opened at $24.13 on Wednesday, MarketBeat Ratings reports. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.47 and a current ratio of 2.97.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, April 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.08). Oceaneering International had a net margin of 6.60% and a negative return on equity of 2.77%. The company had revenue of $416.00 million during the quarter, compared to analyst estimates of $426.79 million. During the same period in the previous year, the company posted ($0.08) EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. equities analysts predict that Oceaneering International will post -1 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on OII shares. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Cowen set a $16.00 price target on Oceaneering International and gave the company a “hold” rating in a research note on Wednesday, March 14th. ValuEngine raised Oceaneering International from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Barclays reaffirmed an “equal weight” rating on shares of Oceaneering International in a research note on Tuesday, February 27th. Finally, Goldman Sachs Group raised Oceaneering International from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, May 14th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. Oceaneering International presently has an average rating of “Hold” and a consensus price target of $22.85.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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