Oceaneering International, Inc. (NYSE:OII) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 58.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 154,402 shares of the oil and gas company’s stock after buying an additional 57,194 shares during the period. EFG Asset Management North America Corp.’s holdings in Oceaneering International were worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Inspire Advisors LLC grew its position in Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 411 shares during the period. Oppenheimer Asset Management Inc. boosted 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 in the last quarter. LPL Financial LLC grew its position in shares of Oceaneering International by 0.8% during 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 acquiring an additional 451 shares during the period. Captrust Financial Advisors increased its stake in shares of Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 578 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 687 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on OII. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. TD Cowen increased their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Barclays cut their price target on shares of 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 cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. Finally, Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Oceaneering International currently has an average rating of “Hold” and a consensus price target of $28.25.

Oceaneering International Stock Up 3.1 %

NYSE OII opened at $22.18 on Tuesday. The business has a fifty day moving average price of $23.55 and a 200 day moving average price of $25.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market cap of $2.23 billion, a P/E ratio of 15.40 and a beta of 2.42. Oceaneering International, Inc. has a one year low of $18.87 and a one year high of $30.98.

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