Raymond James Financial Inc. Makes New Investment in Oceaneering International, Inc. (NYSE:OII)

Raymond James Financial Inc. bought a new stake in Oceaneering International, Inc. (NYSE:OII) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 67,067 shares of the oil and gas company’s stock, valued at approximately $1,749,000.

A number of other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock worth $10,069,000 after acquiring an additional 253,705 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Oceaneering International by 11.2% during the 4th quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock worth $45,283,000 after purchasing an additional 175,434 shares in the last quarter. Barclays PLC boosted its stake in Oceaneering International by 334.5% in the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. Van ECK Associates Corp grew its holdings in Oceaneering International by 8.9% during the 4th quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock valued at $40,906,000 after buying an additional 128,187 shares in the last quarter. Finally, State Street Corp increased its position in shares of Oceaneering International by 2.1% during 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 buying an additional 107,394 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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. Barclays reduced their price target 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 downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. Finally, Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.25.

Oceaneering International Stock Up 1.1 %

Shares of NYSE:OII opened at $21.83 on Tuesday. The firm has a market capitalization of $2.20 billion, a PE ratio of 15.16 and a beta of 2.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. Oceaneering International, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The firm has a fifty day moving average of $23.08 and a 200 day moving average of $25.20.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for 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%. As a group, research analysts anticipate that Oceaneering International, Inc. will post 1.78 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.