Oceaneering International, Inc. (NYSE:OII) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its stake in Oceaneering International, Inc. (NYSE:OII) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,941 shares of the oil and gas company’s stock after acquiring an additional 4,849 shares during the period. Raymond James & Associates owned approximately 0.06% of Oceaneering International worth $1,339,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OII. Envestnet Asset Management Inc. acquired a new stake in shares of Oceaneering International in the first quarter valued at $161,000. Advisor Group Holdings Inc. raised its stake in shares of Oceaneering International by 111.6% in the first quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 1,635 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Oceaneering International by 8.0% in the first quarter. JPMorgan Chase & Co. now owns 831,624 shares of the oil and gas company’s stock valued at $12,608,000 after acquiring an additional 61,875 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Oceaneering International by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 1,161,002 shares of the oil and gas company’s stock valued at $17,601,000 after acquiring an additional 63,235 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Oceaneering International by 1.7% in the first quarter. Citigroup Inc. now owns 96,060 shares of the oil and gas company’s stock valued at $1,456,000 after acquiring an additional 1,617 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays cut their price target on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Thursday.

Oceaneering International Stock Up 1.4 %

Oceaneering International stock opened at $22.60 on Friday. Oceaneering International, Inc. has a 1-year low of $14.99 and a 1-year high of $27.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.78 and a quick ratio of 1.50. The stock has a market cap of $2.29 billion, a PE ratio of 23.79 and a beta of 2.49. The stock’s fifty day moving average is $22.31 and its two-hundred day moving average is $21.81.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $654.60 million for the quarter, compared to analysts’ expectations of $624.81 million. Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. On average, sell-side analysts expect that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal 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.