30,480 Shares in Oceaneering International, Inc. (NYSE:OII) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in Oceaneering International, Inc. (NYSE:OII) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,480 shares of the oil and gas company’s stock, valued at approximately $795,000.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Oceaneering International in the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC lifted its position in Oceaneering International by 191.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after buying an additional 2,131 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 3,157 shares during the last quarter. KBC Group NV lifted its position in Oceaneering International by 72.6% in the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Oceaneering International in the fourth quarter valued at approximately $156,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII stock opened at $20.02 on Wednesday. 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 market capitalization of $2.01 billion, a P/E ratio of 13.90 and a beta of 1.54. The stock has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $23.60. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OII. Barclays lowered their price objective on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.00.

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.