Glenorchy Capital Ltd Acquires New Shares in Oceaneering International, Inc. (NYSE:OII)

Glenorchy Capital Ltd bought a new position in Oceaneering International, Inc. (NYSE:OII) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 69,906 shares of the oil and gas company’s stock, valued at approximately $1,488,000. Glenorchy Capital Ltd owned 0.07% of Oceaneering International at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new position in Oceaneering International during the 3rd quarter worth $93,000. Patriot Financial Group Insurance Agency LLC bought a new position in Oceaneering International in the 3rd quarter valued at about $206,000. Meridian Management Co. acquired a new position in Oceaneering International during the 3rd quarter valued at about $206,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Oceaneering International during the 3rd quarter worth about $208,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Oceaneering International during the 3rd quarter worth about $249,000. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Price Performance

Shares of NYSE:OII traded up $0.58 during trading hours on Tuesday, hitting $23.21. 999,442 shares of the company’s stock traded hands, compared to its average volume of 814,562. Oceaneering International, Inc. has a 52 week low of $14.99 and a 52 week high of $27.46. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. The company’s fifty day simple moving average is $22.39 and its two-hundred day simple moving average is $21.77. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 24.43 and a beta of 2.49.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The firm had revenue of $654.60 million for the quarter, compared to analysts’ expectations of $624.81 million. During the same period in the prior year, the company posted $0.06 earnings per share. Oceaneering International’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OII shares. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays lowered their target price on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.