Foundry Partners LLC Invests $309,000 in Oceaneering International, Inc. (NYSE:OII)

Foundry Partners LLC bought a new position in Oceaneering International, Inc. (NYSE:OII) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 13,202 shares of the oil and gas company’s stock, valued at approximately $309,000.

Several other institutional investors have also recently made changes to their positions in OII. Concurrent Investment Advisors LLC increased its position in Oceaneering International by 0.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock valued at $2,957,000 after buying an additional 465 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Oceaneering International by 5.4% in the 1st quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 628 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 worth $463,000 after purchasing an additional 824 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Oceaneering International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 88,153 shares of the oil and gas company’s stock worth $2,063,000 after buying an additional 1,141 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Oceaneering International by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 20,270 shares of the oil and gas company’s stock worth $474,000 after buying an additional 1,394 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OII shares. Barclays restated an “underweight” rating and issued a $21.00 price target (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Benchmark restated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, April 25th. Finally, Citigroup lifted their price objective on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd.

Oceaneering International Price Performance

NYSE OII traded down $0.21 during trading hours on Friday, reaching $26.08. The company’s stock had a trading volume of 123,380 shares, compared to its average volume of 824,478. The company has a quick ratio of 1.45, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. Oceaneering International, Inc. has a 1 year low of $18.67 and a 1 year high of $27.46. The firm’s 50-day moving average price is $23.21 and its 200-day moving average price is $22.32. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.81 and a beta of 2.39.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The company had revenue of $599.09 million for the quarter, compared to analysts’ expectations of $613.58 million. Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. On average, equities research analysts predict that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

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.