Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 1,122.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,597 shares of the oil and gas company’s stock after purchasing an additional 118,992 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.13% of Oceaneering International worth $3,405,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OII. Capstone Asset Management Co. raised its position in shares of Oceaneering International by 4.9% during the second quarter. Capstone Asset Management Co. now owns 12,128 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 570 shares during the period. Oregon Public Employees Retirement Fund raised its position in Oceaneering International by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 35,680 shares of the oil and gas company’s stock valued at $815,000 after buying an additional 1,535 shares during the period. LS Investment Advisors LLC raised its position in Oceaneering International by 18.4% during the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,188 shares during the period. Louisiana State Employees Retirement System raised its position in Oceaneering International by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 25,600 shares of the oil and gas company’s stock valued at $585,000 after buying an additional 800 shares during the period. Finally, Aperio Group LLC raised its position in Oceaneering International by 16.4% during the second quarter. Aperio Group LLC now owns 65,442 shares of the oil and gas company’s stock valued at $1,495,000 after buying an additional 9,212 shares during the period. 99.71% of the stock is currently owned by institutional investors.

OII has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $27.00 price target on shares of Oceaneering International in a research report on Monday, October 30th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Piper Jaffray Companies lowered Oceaneering International from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. J P Morgan Chase & Co dropped their price target on Oceaneering International from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 12th. Finally, Barclays PLC initiated coverage on Oceaneering International in a research report on Friday, October 6th. They set an “equal weight” rating and a $28.00 price target on the stock. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.84.

In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $26.34, for a total value of $52,680.00. Following the completion of the transaction, the director now owns 16,600 shares of the company’s stock, valued at approximately $437,244. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Shares of Oceaneering International, Inc. (NYSE:OII) opened at $18.52 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67. The firm has a market capitalization of $1,816.20, a P/E ratio of 616.00 and a beta of 1.64. Oceaneering International, Inc. has a 52 week low of $17.11 and a 52 week high of $32.12.

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

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Oceaneering International Profile

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).

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

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