Ranger Investment Management L.P. Has $23.64 Million Stock Position in Oceaneering International, Inc. (NYSE:OII)

Ranger Investment Management L.P. boosted its holdings in Oceaneering International, Inc. (NYSE:OII) by 29.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 906,473 shares of the oil and gas company’s stock after purchasing an additional 204,164 shares during the period. Ranger Investment Management L.P.’s holdings in Oceaneering International were worth $23,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of OII. Inspire Advisors LLC increased its position in Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 411 shares during the period. Oppenheimer Asset Management Inc. grew its position in Oceaneering International by 0.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after purchasing an additional 446 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Oceaneering International by 0.8% during the 4th 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 period. Captrust Financial Advisors raised its position in shares of Oceaneering International by 3.9% during the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 578 shares during the last quarter. Finally, HighTower Advisors LLC raised 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 valued at $286,000 after buying an additional 687 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Down 6.7 %

Shares of OII opened at $15.93 on Wednesday. The stock’s fifty day simple moving average is $22.04 and its 200-day simple moving average is $24.89. 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 capitalization of $1.61 billion, a PE ratio of 11.06 and a beta of 1.94. Oceaneering International, Inc. has a 12-month low of $15.35 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

OII has been the topic of several analyst reports. Barclays lowered their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Citigroup downgraded 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 cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, TD Cowen lifted their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.25.

About Oceaneering International

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.