SteelPeak Wealth LLC Invests $305,000 in Oceaneering International, Inc. (NYSE:OII)

SteelPeak Wealth LLC bought a new stake in shares of Oceaneering International, Inc. (NYSE:OII) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,707 shares of the oil and gas company’s stock, valued at approximately $305,000.

A number of other hedge funds have also recently bought and sold shares of OII. Congress Asset Management Co. bought a new position in shares of Oceaneering International in the third quarter valued at $38,819,000. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Oceaneering International in the 3rd quarter worth $6,106,000. Loomis Sayles & Co. L P lifted its holdings in shares of Oceaneering International by 12.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after purchasing an additional 206,458 shares during the last quarter. Barclays PLC boosted its position in shares of Oceaneering International by 334.5% in the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Oceaneering International by 667.7% during the 2nd quarter. AQR Capital Management LLC now owns 137,911 shares of the oil and gas company’s stock worth $3,263,000 after buying an additional 119,946 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Up 0.4 %

OII stock opened at $25.38 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.56 billion, a PE ratio of 19.22 and a beta of 2.41. Oceaneering International, Inc. has a 1 year low of $19.68 and a 1 year high of $30.98. The company has a fifty day simple moving average of $26.83 and a 200 day simple moving average of $26.31.

Analyst Ratings Changes

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