Stifel Financial Corp Acquires 23,512 Shares of Oceaneering International, Inc. (NYSE:OII)

Stifel Financial Corp raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 51.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 68,943 shares of the oil and gas company’s stock after purchasing an additional 23,512 shares during the quarter. Stifel Financial Corp’s holdings in Oceaneering International were worth $1,715,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OII. Algert Global LLC increased its stake in shares of Oceaneering International by 23.1% in the 3rd quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock valued at $2,487,000 after acquiring an additional 18,760 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Oceaneering International by 32.3% during the third quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company’s stock valued at $3,292,000 after acquiring an additional 32,297 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Oceaneering International by 21.0% during the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock valued at $150,601,000 after buying an additional 1,105,263 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after purchasing an additional 24,283 shares during the last quarter. Finally, FMR LLC grew its holdings in Oceaneering International by 1.3% during the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after buying an additional 36,593 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 1.3 %

Oceaneering International stock opened at $24.55 on Friday. The stock has a market cap of $2.48 billion, a P/E ratio of 18.60 and a beta of 2.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The firm’s fifty day moving average price is $26.78 and its 200-day moving average price is $25.57. Oceaneering International, Inc. has a fifty-two week low of $18.95 and a fifty-two week high of $30.98.

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

Wall Street Analysts Forecast Growth

OII has been the topic of a number of research analyst reports. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $22.00 to $26.00 in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $34.00 target price 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.