Glenorchy Capital Ltd Acquires New Holdings in Oceaneering International, Inc. (NYSE:OII)

Glenorchy Capital Ltd acquired a new stake in Oceaneering International, Inc. (NYSE:OII) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 69,906 shares of the oil and gas company’s stock, valued at approximately $1,488,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Yousif Capital Management LLC grew its position in shares of Oceaneering International by 5.2% in the 4th quarter. Yousif Capital Management LLC now owns 52,467 shares of the oil and gas company’s stock valued at $1,116,000 after purchasing an additional 2,614 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Oceaneering International by 18.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 63,973 shares of the oil and gas company’s stock valued at $1,361,000 after acquiring an additional 10,074 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Oceaneering International by 4.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 62,591 shares of the oil and gas company’s stock valued at $1,332,000 after acquiring an additional 2,763 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Oceaneering International by 3.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after acquiring an additional 824 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Oceaneering International in the 4th quarter valued at approximately $1,073,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Up 2.6 %

Shares of Oceaneering International stock traded up $0.58 on Tuesday, reaching $23.21. 999,442 shares of the company were exchanged, compared to its average volume of 814,562. Oceaneering International, Inc. has a one year low of $14.99 and a one year high of $27.46. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 24.43 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. The company has a 50-day moving average of $22.39 and a 200 day moving average of $21.77.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The company had revenue of $654.60 million for the quarter, compared to the consensus estimate of $624.81 million. Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on OII. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Barclays dropped their price objective on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th.

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.