Oceaneering International, Inc. (NYSE:OII) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,039,875 shares of the oil and gas company’s stock after purchasing an additional 111,095 shares during the quarter. Franklin Resources Inc. owned about 2.02% of Oceaneering International worth $53,200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OII. Vanguard Group Inc. boosted its position in Oceaneering International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock valued at $325,492,000 after buying an additional 69,337 shares during the period. State Street Corp boosted its holdings in Oceaneering International by 2.1% in the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock valued at $129,847,000 after purchasing an additional 107,394 shares during the period. FMR LLC grew its stake in Oceaneering International by 1.3% during the 3rd quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after purchasing an additional 36,593 shares in the last quarter. American Century Companies Inc. increased its holdings in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after purchasing an additional 355,290 shares during the period. Finally, Geode Capital Management LLC raised its position in Oceaneering International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock valued at $56,691,000 after purchasing an additional 26,328 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

OII has been the topic of a number of recent research reports. Barclays cut their target price on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. TD Cowen upped their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday. Five research 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 an average target price of $28.25.

Oceaneering International Trading Down 12.9 %

OII opened at $17.10 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52 week low of $16.68 and a 52 week high of $30.98. The business’s 50 day moving average is $22.59 and its two-hundred day moving average is $25.09. The firm has a market cap of $1.72 billion, a price-to-earnings 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 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. On average, research analysts predict that Oceaneering International, Inc. will post 1.78 EPS 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.