Oceaneering International, Inc. $OII Shares Acquired by Greenhouse Funds LLLP

Greenhouse Funds LLLP lifted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 9.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,491,803 shares of the oil and gas company’s stock after purchasing an additional 223,724 shares during the quarter. Oceaneering International comprises approximately 2.1% of Greenhouse Funds LLLP’s holdings, making the stock its 23rd largest holding. Greenhouse Funds LLLP owned approximately 2.49% of Oceaneering International worth $51,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Oceaneering International by 8.2% during the second quarter. American Century Companies Inc. now owns 3,370,206 shares of the oil and gas company’s stock worth $69,831,000 after buying an additional 256,628 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oceaneering International by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,331,297 shares of the oil and gas company’s stock valued at $29,036,000 after acquiring an additional 32,639 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Oceaneering International by 15.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,134,244 shares of the oil and gas company’s stock valued at $23,502,000 after acquiring an additional 149,702 shares in the last quarter. Fisher Asset Management LLC boosted its position in Oceaneering International by 8.0% during the 2nd quarter. Fisher Asset Management LLC now owns 573,330 shares of the oil and gas company’s stock worth $11,879,000 after purchasing an additional 42,712 shares during the period. Finally, Nuveen LLC acquired a new stake in Oceaneering International in the 1st quarter valued at $11,993,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen upped their price target on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Barclays upped their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and a consensus target price of $25.00.

Oceaneering International Stock Performance

Shares of OII opened at $24.76 on Wednesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 10.81 and a beta of 1.29. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $23.80 and its two-hundred day moving average is $22.57. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $742.90 million during the quarter, compared to analyst estimates of $709.48 million. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.