Oceaneering International, Inc. (NYSE:OII) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,230,886 shares of the oil and gas company’s stock after purchasing an additional 200,183 shares during the quarter. Northern Trust Corp’s holdings in Oceaneering International were worth $32,102,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Inspire Advisors LLC increased its holdings in Oceaneering International by 4.9% during the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after purchasing an additional 446 shares in the last quarter. LPL Financial LLC increased its stake in shares of Oceaneering International by 0.8% during the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 451 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Oceaneering International by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 584 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock valued at $3,090,000 after buying an additional 757 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

OII has been the subject of a number of analyst reports. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Barclays reduced their target price on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Finally, StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Oceaneering International Stock Performance

NYSE OII opened at $19.02 on Friday. The business’s 50-day moving average price is $19.09 and its 200 day moving average price is $23.67. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a market capitalization of $1.91 billion, a PE ratio of 13.21 and a beta of 1.54.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $674.52 million for the quarter, compared to analysts’ expectations of $651.96 million. During the same period last year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Oceaneering International 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.