Analysts Set Oceaneering International, Inc. (NYSE:OII) PT at $25.00

Shares of Oceaneering International, Inc. (NYSE:OII) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.00.

OII has been the topic of several recent research reports. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Monday, December 29th. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. TD Cowen increased their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Finally, Barclays lifted their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th.

Oceaneering International Stock Performance

NYSE:OII opened at $30.12 on Wednesday. The firm’s 50-day moving average is $26.16 and its 200-day moving average is $24.30. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 13.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 1.97. Oceaneering International has a 52-week low of $15.46 and a 52-week high of $31.44.

Insider Activity

In other news, SVP Jennifer Fremont Simons sold 29,155 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.35, for a total value of $768,234.25. Following the completion of the transaction, the senior vice president directly owned 52,344 shares of the company’s stock, valued at approximately $1,379,264.40. This represents a 35.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Oceaneering International

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Oceaneering International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after purchasing an additional 187,707 shares in the last quarter. Brown Advisory Inc. grew its stake in Oceaneering International by 12.2% during the second quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock worth $152,202,000 after buying an additional 799,718 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Oceaneering International by 8.1% during the third quarter. American Century Companies Inc. now owns 3,642,873 shares of the oil and gas company’s stock worth $90,270,000 after buying an additional 272,667 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oceaneering International by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,285,951 shares of the oil and gas company’s stock worth $81,429,000 after buying an additional 98,333 shares in the last quarter. Finally, Greenhouse Funds LLLP raised its stake in shares of Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after acquiring an additional 223,724 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.