60,000 Shares in Oceaneering International, Inc. (NYSE:OII) Bought by Old West Investment Management LLC

Old West Investment Management LLC purchased a new position in Oceaneering International, Inc. (NYSE:OII) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 60,000 shares of the oil and gas company’s stock, valued at approximately $1,565,000. Old West Investment Management LLC owned 0.06% of Oceaneering International at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OII. Inspire Advisors LLC boosted its holdings in shares of 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 purchasing an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. lifted 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 acquiring an additional 446 shares during the last quarter. LPL Financial LLC boosted its position in Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock valued at $1,467,000 after buying an additional 451 shares during the period. Captrust Financial Advisors increased its holdings in Oceaneering International by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 578 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Oceaneering International by 6.3% in the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 687 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen boosted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays decreased their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Friday, January 10th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Stock Performance

Shares of OII stock opened at $17.10 on Friday. The stock’s 50-day moving average price is $22.59 and its 200 day moving average price is $25.09. Oceaneering International, Inc. has a 52-week low of $16.68 and a 52-week high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.72 billion, a PE ratio of 11.87 and a beta of 2.42.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. As a group, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current 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.