Oceaneering International, Inc. (NYSE:OII) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 59.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,631 shares of the oil and gas company’s stock after acquiring an additional 5,804 shares during the period. Picton Mahoney Asset Management’s holdings in Oceaneering International were worth $408,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Oceaneering International during the fourth quarter valued at $40,000. Millburn Ridgefield Corp bought a new position in Oceaneering International in the 3rd quarter valued at about $57,000. Smartleaf Asset Management LLC increased its stake in Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 3,157 shares during the period. KBC Group NV raised its position in shares of Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,192 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Oceaneering International by 12.0% in 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. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Up 3.2 %

Shares of Oceaneering International stock opened at $20.18 on Monday. Oceaneering International, Inc. has a 12-month low of $18.87 and a 12-month high of $30.98. The firm has a market capitalization of $2.03 billion, a PE ratio of 14.01 and a beta of 2.42. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $24.21 and its 200-day moving average is $25.42.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on OII shares. Citigroup cut 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. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Barclays decreased their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, TD Cowen raised their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.25.

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.