Fort Washington Investment Advisors Inc. OH Purchases 129,793 Shares of Oceaneering International, Inc. (NYSE:OII)

Fort Washington Investment Advisors Inc. OH increased its position in Oceaneering International, Inc. (NYSE:OII) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 984,542 shares of the oil and gas company’s stock after acquiring an additional 129,793 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.97% of Oceaneering International worth $21,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of Oceaneering International in the 4th quarter worth $531,000. Old West Investment Management LLC purchased a new stake in shares of Oceaneering International during the fourth quarter valued at $1,565,000. Charles Schwab Investment Management Inc. increased its holdings in Oceaneering International by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after buying an additional 58,081 shares in the last quarter. Principal Financial Group Inc. raised its position in Oceaneering International by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock worth $13,748,000 after buying an additional 16,269 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Oceaneering International by 48.0% in the 4th quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company’s stock worth $20,799,000 after buying an additional 258,588 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Price Performance

NYSE OII opened at $21.26 on Friday. The company has a 50-day moving average price of $18.72 and a 200-day moving average price of $22.50. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $30.98. 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 $2.14 billion, a P/E ratio of 14.76 and a beta of 1.48.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OII shares. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Sunday, June 1st. Finally, Barclays cut their target price on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

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.