Barclays PLC Increases Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Barclays PLC boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 334.5% during the third quarter, Holdings Channel.com reports. The firm owned 180,470 shares of the oil and gas company’s stock after buying an additional 138,931 shares during the quarter. Barclays PLC’s holdings in Oceaneering International were worth $4,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. acquired a new stake in shares of Oceaneering International during the 3rd quarter worth approximately $38,819,000. Earnest Partners LLC grew its position in Oceaneering International by 21.0% in the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after acquiring an additional 1,105,263 shares during the period. Victory Capital Management Inc. increased its stake in Oceaneering International by 101.6% during the second quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company’s stock worth $13,015,000 after acquiring an additional 277,247 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in Oceaneering International in the third quarter valued at $6,106,000. Finally, American Century Companies Inc. lifted its stake in shares of Oceaneering International by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company’s stock valued at $47,849,000 after purchasing an additional 239,701 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

OII opened at $24.55 on Friday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 18.60 and a beta of 2.39. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average price is $26.74 and its 200 day moving average price is $25.59. Oceaneering International, Inc. has a 12-month low of $18.95 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that Oceaneering International, Inc. will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OII has been the topic of several research analyst reports. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $26.00 in a report on Wednesday. Benchmark restated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th.

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.