1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its stake in shares of Oceaneering International, Inc. ( NYSE:OII – Free Report ) by 48.
0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 797,517 shares of the oil and gas company’s stock after purchasing an additional 258,588 shares during the period.
JPMorgan Chase & Co.’s holdings in Oceaneering International were worth $20,799,000 at the end of the most recent reporting period. A number of other large investors have also made changes to their positions in OII.
R Squared Ltd acquired a new position in Oceaneering International during the fourth quarter worth $40,000. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 354.7% in the fourth quarter.
Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 3,157 shares in the last quarter. KBC Group NV raised its stake in shares of Oceaneering International by 72.6% during the 4th quarter.
KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,192 shares during the last quarter. B. Riley Wealth Advisors Inc.
purchased a new stake in shares of Oceaneering International in the 3rd quarter worth about $202,000. Finally, Central Pacific Bank Trust Division grew its stake in Oceaneering International by 12.0% in 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 acquiring an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Wall Street Analysts Forecast Growth OII has been the topic of several research reports. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.
00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.
Barclays cut their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th.
Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th.
Finally, Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.
25. Oceaneering International Price Performance Shares of NYSE OII opened at $16.32 on Friday.
The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.
67. Oceaneering International, Inc. has a fifty-two week low of $15.
46 and a fifty-two week high of $30.98. The business has a 50 day moving average price of $21.
59 and a two-hundred day moving average price of $24.71. The firm has a market cap of $1.
65 billion, a PE ratio of 11.33 and a beta of 1.94.
Oceaneering International ( NYSE:OII – Get Free Report ) last released its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.
39 by ($0.02). The company had revenue of $713.
45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.
29% and a net margin of 5.54%. Sell-side analysts expect that Oceaneering International, Inc.
will post 1.78 earnings per share for the current fiscal year. Oceaneering International Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International, Inc.
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