Eagle Boston Investment Management Inc. increased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 196,084 shares of the oil and gas company’s stock after purchasing an additional 3,475 shares during the quarter. Eagle Boston Investment Management Inc. owned 0.20% of Oceaneering International worth $5,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of OII. Utah Retirement Systems grew its position in Oceaneering International by 1.1% in the second quarter. Utah Retirement Systems now owns 17,982 shares of the oil and gas company’s stock valued at $411,000 after acquiring an additional 200 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Oceaneering International by 3.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock valued at $242,000 after acquiring an additional 330 shares in the last quarter. Capstone Asset Management Co. grew its position in Oceaneering International by 4.9% in the second quarter. Capstone Asset Management Co. now owns 12,128 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 570 shares in the last quarter. Arizona State Retirement System grew its position in Oceaneering International by 1.5% in the second quarter. Arizona State Retirement System now owns 41,400 shares of the oil and gas company’s stock valued at $946,000 after acquiring an additional 600 shares in the last quarter. Finally, State Treasurer State of Michigan grew its position in Oceaneering International by 1.8% in the second quarter. State Treasurer State of Michigan now owns 40,500 shares of the oil and gas company’s stock valued at $925,000 after acquiring an additional 700 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Paul B. Murphy, Jr. sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the transaction, the director now directly owns 16,600 shares in the company, valued at $437,244. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen Inc set a $28.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a research report on Friday, August 4th. Barclays PLC assumed coverage on shares of Oceaneering International in a research report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price objective for the company. ValuEngine raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. lowered their price objective on shares of Oceaneering International from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.84.

Shares of Oceaneering International, Inc. (NYSE:OII) traded up $0.19 on Monday, reaching $19.00. The company had a trading volume of 315,700 shares, compared to its average volume of 1,392,142. Oceaneering International, Inc. has a 52-week low of $17.11 and a 52-week high of $32.12. The company has a market capitalization of $1,867.30, a PE ratio of 633.33 and a beta of 1.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The firm had revenue of $476.12 million for the quarter, compared to the consensus estimate of $511.14 million. During the same quarter last year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. sell-side analysts predict that Oceaneering International, Inc. will post -0.09 EPS for the current year.

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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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