EFG Asset Management North America Corp. Raises Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

EFG Asset Management North America Corp. raised its stake in Oceaneering International, Inc. (NYSE:OII) by 58.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,402 shares of the oil and gas company’s stock after purchasing an additional 57,194 shares during the period. EFG Asset Management North America Corp. owned 0.15% of Oceaneering International worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OII. Inspire Advisors LLC grew its position in shares of Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock worth $231,000 after buying an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock valued at $1,853,000 after acquiring an additional 446 shares in the last quarter. LPL Financial LLC grew its holdings in Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 451 shares during the last quarter. Captrust Financial Advisors grew its holdings in Oceaneering International by 3.9% in the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 578 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Oceaneering International by 6.3% during the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

OII has been the subject of a number of recent analyst reports. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays lowered their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, TD Cowen boosted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.25.

Oceaneering International Price Performance

Shares of NYSE OII opened at $22.18 on Tuesday. Oceaneering International, Inc. has a 52 week low of $18.87 and a 52 week high of $30.98. The business’s 50 day moving average price is $23.55 and its 200 day moving average price is $25.23. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.23 billion, a P/E ratio of 15.40 and a beta of 2.42.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. On average, sell-side analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Oceaneering International 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.