Wedge Capital Management L L P NC Has $1.33 Million Position in Oceaneering International, Inc. (NYSE:OII)

Wedge Capital Management L L P NC increased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,591 shares of the oil and gas company’s stock after purchasing an additional 2,763 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.06% of Oceaneering International worth $1,332,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in Oceaneering International by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,632 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 510 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Oceaneering International by 2.0% in the third quarter. Natixis Advisors L.P. now owns 33,859 shares of the oil and gas company’s stock valued at $871,000 after purchasing an additional 659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oceaneering International by 3.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 824 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Oceaneering International by 1.3% in the third quarter. Los Angeles Capital Management LLC now owns 71,211 shares of the oil and gas company’s stock valued at $1,832,000 after purchasing an additional 904 shares during the period. Finally, Swiss National Bank raised its position in shares of Oceaneering International by 1.0% in the third quarter. Swiss National Bank now owns 221,548 shares of the oil and gas company’s stock valued at $5,698,000 after purchasing an additional 2,100 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Up 6.5 %

Shares of OII stock opened at $24.55 on Friday. Oceaneering International, Inc. has a 1 year low of $14.99 and a 1 year high of $27.46. The firm’s fifty day simple moving average is $22.49 and its 200 day simple moving average is $21.79. The firm has a market capitalization of $2.49 billion, a P/E ratio of 23.16 and a beta of 2.49. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Oceaneering International had a return on equity of 15.10% and a net margin of 4.36%. The company had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

OII has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Thursday. Finally, StockNews.com raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

About Oceaneering International

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.