Oceaneering International, Inc. $OII Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group grew its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,394 shares of the oil and gas company’s stock after acquiring an additional 96,795 shares during the period. Schroder Investment Management Group owned about 0.45% of Oceaneering International worth $9,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OII. XTX Topco Ltd bought a new position in shares of Oceaneering International during the first quarter worth about $382,000. PNC Financial Services Group Inc. raised its stake in Oceaneering International by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Oceaneering International by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,331,297 shares of the oil and gas company’s stock worth $29,036,000 after buying an additional 32,639 shares during the last quarter. Deutsche Bank AG grew its position in shares of Oceaneering International by 64.2% in the 1st quarter. Deutsche Bank AG now owns 147,642 shares of the oil and gas company’s stock worth $3,220,000 after acquiring an additional 57,719 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Oceaneering International by 4.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,189 shares of the oil and gas company’s stock valued at $1,444,000 after acquiring an additional 2,666 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on OII shares. TD Cowen raised their price objective on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Barclays raised their price target on shares of Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday. Finally, Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of “Hold” and an average price target of $25.00.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $27.26 on Friday. The firm’s 50 day moving average is $23.86 and its two-hundred day moving average is $22.63. The firm has a market capitalization of $2.72 billion, a P/E ratio of 11.90 and a beta of 1.29. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a 52 week low of $15.46 and a 52 week high of $28.85.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The business had revenue of $742.90 million during the quarter, compared to the consensus estimate of $709.48 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share 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.