Majedie Asset Management Ltd boosted its position in shares of Oceaneering International (NYSE:OII) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,799,717 shares of the oil and gas company’s stock after buying an additional 738,968 shares during the period. Oceaneering International accounts for about 3.2% of Majedie Asset Management Ltd’s portfolio, making the stock its 6th largest holding. Majedie Asset Management Ltd’s holdings in Oceaneering International were worth $38,046,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. increased its stake in Oceaneering International by 109.1% during the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after buying an additional 27,684 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Oceaneering International during the 3rd quarter worth approximately $1,684,000. Personal Capital Advisors Corp increased its stake in Oceaneering International by 14.4% during the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after buying an additional 11,818 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Oceaneering International by 76.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock worth $5,193,000 after buying an additional 85,357 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Oceaneering International by 5.6% during the 3rd quarter. California Public Employees Retirement System now owns 368,327 shares of the oil and gas company’s stock worth $9,676,000 after buying an additional 19,627 shares in the last quarter. Institutional investors own 99.69% of the company’s stock.

OII has been the topic of several recent research reports. Deutsche Bank initiated coverage on Oceaneering International in a report on Tuesday, October 10th. They set a “hold” rating and a $28.00 target price on the stock. ValuEngine cut Oceaneering International from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Goldman Sachs Group cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $19.50 target price on the stock. in a report on Friday, October 27th. Piper Jaffray Companies cut Oceaneering International from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Credit Suisse Group lowered their target price on Oceaneering International from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. Oceaneering International presently has a consensus rating of “Hold” and an average price target of $23.46.

Oceaneering International (NYSE:OII) opened at $20.10 on Wednesday. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $29.53. The company has a market capitalization of $1,938.06, a P/E ratio of 657.33 and a beta of 1.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14.

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About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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