Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Fort Washington Investment Advisors Inc. OH increased its stake in Oceaneering International, Inc. (NYSE:OII) by 13.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 854,749 shares of the oil and gas company’s stock after buying an additional 102,750 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.85% of Oceaneering International worth $22,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of 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 acquiring an additional 578 shares during the last quarter. HighTower Advisors LLC grew its position in Oceaneering International by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 687 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Oceaneering International by 12.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 840 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Oceaneering International by 9.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,500 shares of the oil and gas company’s stock worth $272,000 after buying an additional 1,013 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after buying an additional 1,412 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 2.7 %

Shares of NYSE:OII opened at $26.36 on Thursday. The stock’s 50-day simple moving average is $27.06 and its two-hundred day simple moving average is $26.27. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 19.97 and a beta of 2.41. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The business had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. Analysts expect that Oceaneering International, Inc. will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

OII has been the subject of several analyst reports. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. Benchmark reiterated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, TD Cowen lifted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.25.

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.