Oceaneering International, Inc. (NYSE:OII) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its stake in Oceaneering International, Inc. (NYSE:OII) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 441,640 shares of the oil and gas company’s stock after acquiring an additional 1,265 shares during the period. Gamco Investors INC. ET AL owned 0.44% of Oceaneering International worth $10,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Hennessy Advisors Inc. lifted its holdings in shares of Oceaneering International by 541.1% in the fourth quarter. Hennessy Advisors Inc. now owns 982,200 shares of the oil and gas company’s stock valued at $20,901,000 after buying an additional 829,000 shares during the period. Norges Bank bought a new stake in Oceaneering International in the fourth quarter worth about $15,161,000. Hawk Ridge Capital Management LP bought a new stake in Oceaneering International in the fourth quarter worth about $8,884,000. Vanguard Group Inc. lifted its holdings in Oceaneering International by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 12,461,454 shares of the oil and gas company’s stock valued at $265,180,000 after acquiring an additional 246,067 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Oceaneering International during the 4th quarter valued at about $3,513,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Thursday. Barclays reiterated an “underweight” rating and set a $21.00 price objective (down previously from $22.00) on shares of Oceaneering International in a research report on Tuesday, May 14th. Finally, StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Oceaneering International Stock Up 2.8 %

NYSE:OII traded up $0.80 during trading hours on Friday, hitting $29.75. 1,688,965 shares of the stock traded hands, compared to its average volume of 899,487. The firm has a 50 day moving average price of $23.64 and a 200 day moving average price of $22.59. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 28.07 and a beta of 2.39. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.41. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $668.81 million during the quarter, compared to analysts’ expectations of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. Oceaneering International’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.4 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.