First Hawaiian Bank Acquires Shares of 11,552 Oceaneering International, Inc. (NYSE:OII)

First Hawaiian Bank bought a new position in shares of Oceaneering International, Inc. (NYSE:OII) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,552 shares of the oil and gas company’s stock, valued at approximately $273,000.

A number of other large investors have also recently made changes to their positions in the stock. Comerica Bank lifted its holdings in Oceaneering International by 27.5% during the 1st quarter. Comerica Bank now owns 59,961 shares of the oil and gas company’s stock valued at $1,403,000 after buying an additional 12,948 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Oceaneering International by 46.6% in the first quarter. Janus Henderson Group PLC now owns 1,253,175 shares of the oil and gas company’s stock valued at $29,323,000 after purchasing an additional 398,209 shares during the period. Earnest Partners LLC grew its stake in Oceaneering International by 9.3% in the first quarter. Earnest Partners LLC now owns 5,259,951 shares of the oil and gas company’s stock worth $123,083,000 after purchasing an additional 445,419 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Oceaneering International by 0.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 441,640 shares of the oil and gas company’s stock worth $10,334,000 after purchasing an additional 1,265 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in Oceaneering International by 105.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 1,124 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Down 0.1 %

Shares of NYSE:OII traded down $0.02 on Tuesday, reaching $25.18. The company had a trading volume of 398,100 shares, compared to its average volume of 850,747. The firm has a market capitalization of $2.55 billion, a PE ratio of 23.77 and a beta of 2.39. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.45. The firm’s 50 day simple moving average is $24.21 and its 200-day simple moving average is $23.00.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $668.81 million for the quarter, compared to the consensus estimate of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. Oceaneering International’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. As a group, analysts expect that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OII shares. Citigroup upped their target price on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, July 25th. Barclays raised their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

About Oceaneering International

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.