Swiss National Bank Increases Holdings in Oceaneering International, Inc. (NYSE:OII)

Swiss National Bank lifted its position in Oceaneering International, Inc. (NYSE:OII) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 199,648 shares of the oil and gas company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank’s holdings in Oceaneering International were worth $5,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Inspire Advisors LLC boosted its position in Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after buying an additional 446 shares during the last quarter. Captrust Financial Advisors grew its position in Oceaneering International by 3.9% during the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 578 shares during the period. HighTower Advisors LLC increased its holdings in Oceaneering International by 6.3% during the third 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 last quarter. Finally, Empowered Funds LLC raised its position in Oceaneering International by 0.6% in the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock worth $3,090,000 after acquiring an additional 757 shares during the period. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OII. Barclays cut their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.25.

Oceaneering International Trading Up 3.1 %

Oceaneering International stock opened at $22.18 on Tuesday. The stock has a market cap of $2.23 billion, a P/E ratio of 15.40 and a beta of 2.42. The firm’s 50 day moving average price is $23.55 and its 200-day moving average price is $25.23. Oceaneering International, Inc. has a 1 year low of $18.87 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

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