2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in Oceaneering International, Inc. ( NYSE:OII – Free Report ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,300 shares of the oil and gas company’s stock, valued at approximately $529,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OII. Sei Investments Co. lifted its stake in Oceaneering International by 2.
0% in the 4th quarter. Sei Investments Co. now owns 386,264 shares of the oil and gas company’s stock valued at $10,074,000 after buying an additional 7,412 shares in the last quarter.
American Century Companies Inc. boosted its stake in Oceaneering International by 14.3% in the 4th quarter.
American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after buying an additional 355,290 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Oceaneering International in the 4th quarter valued at about $531,000.
Thrivent Financial for Lutherans increased its stake in shares of Oceaneering International by 89.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 150,693 shares of the oil and gas company’s stock valued at $3,930,000 after acquiring an additional 71,001 shares during the last quarter.
Finally, Cibc World Markets Corp purchased a new position in shares of Oceaneering International during the 4th quarter worth about $247,000. Institutional investors and hedge funds own 93.93% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have recently commented on OII. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.
Barclays reduced their price objective on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th.
TD Cowen increased their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.
Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th.
Finally, Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and a consensus target price of $28.
25. Oceaneering International Price Performance NYSE OII opened at $19.61 on Friday.
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 market capitalization of $1.97 billion, a price-to-earnings ratio of 13.
61 and a beta of 2.42. The company has a 50 day simple moving average of $22.
77 and a 200-day simple moving average of $25.13. Oceaneering International, Inc.
has a 52-week low of $18.87 and a 52-week high of $30.98.
Oceaneering International ( NYSE:OII – Get Free Report ) last issued its quarterly earnings data 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). Oceaneering International had a net margin of 5.
54% and a return on equity of 17.29%. The business had revenue of $713.
45 million for the quarter, compared to the consensus estimate of $681.60 million. Equities research analysts predict that Oceaneering International, Inc.
will post 1.78 earnings per share for the current fiscal year. About Oceaneering International ( 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. Recommended Stories Five stocks we like better than Oceaneering International 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Shares of RH Down Nearly 40%: Where Investors Can Turn To Now Best Aerospace Stocks Investing Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian What is a Stock Market Index and How Do You Use Them? Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter .
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