Teachers Advisors LLC raised its stake in Oceaneering International (NYSE:OII) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,955 shares of the oil and gas company’s stock after purchasing an additional 2,338 shares during the quarter. Teachers Advisors LLC owned about 0.37% of Oceaneering International worth $10,128,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Oceaneering International by 1.4% during the third quarter. BlackRock Inc. now owns 11,351,967 shares of the oil and gas company’s stock valued at $313,314,000 after acquiring an additional 153,287 shares during the period. Vanguard Group Inc. increased its stake in shares of Oceaneering International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,008,693 shares of the oil and gas company’s stock worth $248,639,000 after purchasing an additional 116,111 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Oceaneering International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 9,008,693 shares of the oil and gas company’s stock worth $248,639,000 after purchasing an additional 116,111 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Oceaneering International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,823,964 shares of the oil and gas company’s stock worth $215,942,000 after purchasing an additional 169,888 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Oceaneering International by 95.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock worth $84,074,000 after purchasing an additional 1,484,094 shares during the last quarter.
Shares of Oceaneering International stock opened at $15.47 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.50 and a debt-to-equity ratio of 0.52. Oceaneering International has a fifty-two week low of $10.74 and a fifty-two week high of $28.62. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -221.00 and a beta of 1.83.
Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. The firm had revenue of $519.30 million during the quarter, compared to the consensus estimate of $492.15 million. On average, equities research analysts expect that Oceaneering International will post -1.1 earnings per share for the current fiscal year.
In related news, VP David K. Lawrence purchased 2,500 shares of Oceaneering International stock in a transaction on Friday, December 28th. The stock was purchased at an average cost of $11.99 per share, with a total value of $29,975.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Alan R. Curtis purchased 5,000 shares of Oceaneering International stock in a transaction on Friday, December 21st. The stock was bought at an average cost of $11.50 per share, with a total value of $57,500.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
OII has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Capital One Financial set a $13.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a report on Wednesday, December 26th. Societe Generale downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating and set a $13.94 price objective for the company. in a report on Thursday, December 20th. Finally, TheStreet downgraded shares of Oceaneering International from a “c-” rating to a “d+” rating in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.42.
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Oceaneering International Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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