Crestline Management LP Purchases Shares of 16,915 Oceaneering International, Inc. (NYSE:OII)

Crestline Management LP acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,915 shares of the oil and gas company’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brown Advisory Inc. raised its stake in Oceaneering International by 22.5% during the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock valued at $133,782,000 after acquiring an additional 941,849 shares in the last quarter. FIL Ltd bought a new stake in shares of Oceaneering International during the fourth quarter valued at about $18,864,000. American Century Companies Inc. lifted its holdings in Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after purchasing an additional 355,290 shares during the period. Cubist Systematic Strategies LLC bought a new position in Oceaneering International in the 4th quarter valued at about $8,490,000. Finally, Loomis Sayles & Co. L P grew its position in Oceaneering International by 14.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock valued at $54,925,000 after buying an additional 267,230 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Stock Up 0.2 %

OII stock opened at $19.02 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of 13.21 and a beta of 1.54. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $23.67.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OII. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Barclays lowered their price target on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

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.