Oceaneering International, Inc. (NYSE:OII) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 4,023.3% during the 4th quarter, Holdings Channel reports. The firm owned 12,040 shares of the oil and gas company’s stock after buying an additional 11,748 shares during the quarter. AlphaQuest LLC’s holdings in Oceaneering International were worth $314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Oceaneering International in the 4th quarter valued at $40,000. Millburn Ridgefield Corp acquired a new position in Oceaneering International during the third quarter worth $57,000. Smartleaf Asset Management LLC lifted its holdings in Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 3,157 shares in the last quarter. KBC Group NV increased its stake in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Oceaneering International during the 3rd quarter worth about $202,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OII shares. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barclays decreased their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Finally, Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Trading Up 3.2 %

Shares of OII stock opened at $20.18 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 14.01 and a beta of 2.42. Oceaneering International, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a 50 day moving average price of $24.21 and a 200 day moving average price of $25.45.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Equities research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Oceaneering International Company 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.