Fort Washington Investment Advisors Inc. OH Increases Stock Position in Oceaneering International, Inc. (NYSE:OII)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 854,749 shares of the oil and gas company’s stock after buying an additional 102,750 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Oceaneering International were worth $22,292,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Earnest Partners LLC grew its holdings in Oceaneering International by 21.0% during the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after buying an additional 1,105,263 shares in the last quarter. State Street Corp grew its holdings in shares of Oceaneering International by 2.1% in the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock valued at $129,847,000 after purchasing an additional 107,394 shares in the last quarter. FMR LLC increased its position in Oceaneering International by 1.3% in the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after purchasing an additional 36,593 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Oceaneering International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock valued at $64,003,000 after purchasing an additional 43,941 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Oceaneering International by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock valued at $56,691,000 after purchasing an additional 26,328 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Price Performance

OII opened at $26.36 on Thursday. 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 business has a fifty day moving average of $27.06 and a 200 day moving average of $26.27. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The stock has a market cap of $2.66 billion, a P/E ratio of 19.97 and a beta of 2.41.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The company had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.37 EPS for the current year.

Wall Street Analyst Weigh In

OII has been the topic of a number of research reports. Citigroup downgraded shares of 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. Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. Finally, TD Cowen lifted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.25.

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.