Central Pacific Bank Trust Division Acquires Shares of 6,160 Oceaneering International, Inc. (NYSE:OII)

Central Pacific Bank Trust Division acquired a new stake in Oceaneering International, Inc. (NYSE:OII) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,160 shares of the oil and gas company’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OII. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Oceaneering International by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock worth $463,000 after purchasing an additional 824 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Oceaneering International by 4.5% in the fourth quarter. Natixis Advisors L.P. now owns 35,375 shares of the oil and gas company’s stock valued at $752,000 after buying an additional 1,516 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Oceaneering International by 14.4% in the fourth quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 1,961 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Oceaneering International in the fourth quarter valued at about $44,000. Finally, Pineridge Advisors LLC acquired a new stake in Oceaneering International in the fourth quarter valued at about $44,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 0.7 %

Shares of OII stock traded down $0.18 during mid-day trading on Wednesday, reaching $23.82. 37,874 shares of the stock traded hands, compared to its average volume of 823,340. The stock’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $22.14. Oceaneering International, Inc. has a 1-year low of $18.67 and a 1-year high of $27.46. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 22.64 and a beta of 2.39. The company has a quick ratio of 1.45, a current ratio of 1.76 and a debt-to-equity ratio of 0.76.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The firm had revenue of $599.09 million for the quarter, compared to analyst estimates of $613.58 million. Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on OII shares. Barclays reaffirmed an “underweight” rating and issued a $21.00 price objective (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, April 25th. Finally, Citigroup increased their target price on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd.

Oceaneering International Company 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.