Central Pacific Bank Trust Division Has $205,000 Holdings in Oceaneering International, Inc. (NYSE:OII)

Central Pacific Bank Trust Division raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,850 shares of the oil and gas company’s stock after acquiring an additional 840 shares during the period. Central Pacific Bank Trust Division’s holdings in Oceaneering International were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Oceaneering International by 7.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,373 shares of the oil and gas company’s stock valued at $506,000 after purchasing an additional 1,415 shares during the period. Rhumbline Advisers boosted its holdings in shares of Oceaneering International by 10.5% in the second quarter. Rhumbline Advisers now owns 285,656 shares of the oil and gas company’s stock valued at $6,759,000 after buying an additional 27,177 shares during the period. Victory Capital Management Inc. increased its position in shares of 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 in the last quarter. Arizona State Retirement System raised its holdings in shares of Oceaneering International by 2.0% during the second quarter. Arizona State Retirement System now owns 28,222 shares of the oil and gas company’s stock worth $668,000 after acquiring an additional 540 shares during the period. Finally, Isthmus Partners LLC lifted its position in Oceaneering International by 0.9% in the 2nd quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 968 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OII. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Benchmark reissued a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th.

Oceaneering International Stock Performance

Shares of OII opened at $27.42 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 12 month low of $18.95 and a 12 month high of $30.98. The firm has a fifty day simple moving average of $26.98 and a 200 day simple moving average of $25.93. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.77 and a beta of 2.41.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share 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 company had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the previous year, the business earned $0.38 EPS. Oceaneering International’s revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

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.