Oceaneering International, Inc. (NYSE:OII) Shares Bought by State Street Corp

State Street Corp grew its holdings in Oceaneering International, Inc. (NYSE:OII) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,221,049 shares of the oil and gas company’s stock after buying an additional 107,394 shares during the period. State Street Corp owned 0.05% of Oceaneering International worth $129,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in Oceaneering International in the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC increased its holdings in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in Oceaneering International during the third quarter worth approximately $57,000. CWM LLC lifted its position in Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,034 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Oceaneering International by 108.3% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after buying an additional 1,412 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

Shares of OII opened at $25.87 on Friday. The firm has a 50-day simple moving average of $26.85 and a two-hundred day simple moving average of $25.55. The stock has a market cap of $2.61 billion, a PE ratio of 19.60 and a beta of 2.39. Oceaneering International, Inc. has a 1-year low of $18.95 and a 1-year high of $30.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th.

Oceaneering International Company 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.