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

SteelPeak Wealth LLC bought a new position in shares of Oceaneering International, Inc. (NYSE:OII) during the fourth quarter, Holdings Channel.com reports. The fund bought 11,707 shares of the oil and gas company’s stock, valued at approximately $305,000.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Oceaneering International by 3.9% in the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 578 shares in the last quarter. HighTower Advisors LLC increased its holdings in Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after buying an additional 687 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Oceaneering International by 12.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock worth $205,000 after acquiring an additional 840 shares during the period. GAMMA Investing LLC boosted its position in shares of Oceaneering International by 108.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 1,412 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Oceaneering International by 10.9% in the third quarter. Inspire Investing LLC now owns 18,473 shares of the oil and gas company’s stock valued at $459,000 after acquiring an additional 1,812 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Up 0.4 %

Shares of NYSE OII opened at $25.38 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 19.22 and a beta of 2.41. Oceaneering International, Inc. has a 12-month low of $19.68 and a 12-month high of $30.98. The firm’s 50-day simple moving average is $26.83 and its 200 day simple moving average is $26.31.

Analyst Ratings Changes

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