Teachers Advisors LLC Boosts Holdings in Oceaneering International (OII)

Teachers Advisors LLC raised its stake in Oceaneering International (NYSE:OII) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,955 shares of the oil and gas company’s stock after acquiring an additional 2,338 shares during the quarter. Teachers Advisors LLC’s holdings in Oceaneering International were worth $10,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Oceaneering International by 31.3% in the 2nd quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock valued at $285,118,000 after purchasing an additional 2,667,334 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Oceaneering International by 95.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock valued at $84,074,000 after purchasing an additional 1,484,094 shares during the last quarter. Eaton Vance Management boosted its stake in shares of Oceaneering International by 44.5% in the 3rd quarter. Eaton Vance Management now owns 2,481,019 shares of the oil and gas company’s stock valued at $68,476,000 after purchasing an additional 764,010 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of Oceaneering International by 3,067.8% in the 3rd quarter. Federated Investors Inc. PA now owns 759,517 shares of the oil and gas company’s stock valued at $20,962,000 after purchasing an additional 735,541 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Oceaneering International by 82.3% in the 2nd quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock valued at $39,661,000 after purchasing an additional 703,347 shares during the last quarter.

Oceaneering International stock opened at $15.47 on Friday. Oceaneering International has a fifty-two week low of $10.74 and a fifty-two week high of $28.62. The company has a market cap of $1.52 billion, a P/E ratio of -221.00 and a beta of 1.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.10 and a current ratio of 2.50.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.02. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. The business had revenue of $519.30 million for the quarter, compared to analyst estimates of $492.15 million. Analysts expect that Oceaneering International will post -1.1 EPS for the current fiscal year.

In related news, VP Alan R. Curtis purchased 5,000 shares of the business’s stock in a transaction on Friday, December 21st. The shares were purchased at an average price of $11.50 per share, with a total value of $57,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David K. Lawrence purchased 2,500 shares of the business’s stock in a transaction on Friday, December 28th. The stock was bought at an average cost of $11.99 per share, for a total transaction of $29,975.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Several brokerages have recently issued reports on OII. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Capital One Financial set a $13.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Wednesday, December 26th. Societe Generale lowered shares of Oceaneering International from a “buy” rating to a “hold” rating and set a $13.94 target price on the stock. in a research note on Thursday, December 20th. Finally, TheStreet lowered shares of Oceaneering International from a “c-” rating to a “d+” rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.42.

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Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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

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