Rhumbline Advisers Has $4.96 Million Holdings in Oceaneering International, Inc. $OII

Rhumbline Advisers lowered its position in Oceaneering International, Inc. (NYSE:OII) by 7.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 239,590 shares of the oil and gas company’s stock after selling 19,004 shares during the period. Rhumbline Advisers owned 0.24% of Oceaneering International worth $4,964,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of OII. Profund Advisors LLC raised its stake in Oceaneering International by 3.4% during the second quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company’s stock worth $353,000 after buying an additional 559 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Oceaneering International by 9.1% during the second quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock valued at $209,000 after acquiring an additional 840 shares during the last quarter. Inspire Investing LLC grew its holdings in Oceaneering International by 7.2% during the 1st quarter. Inspire Investing LLC now owns 18,352 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 1,240 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Oceaneering International by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,102 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Oceaneering International by 12.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,265 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 1,589 shares during the period. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OII shares. Barclays raised their target price on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. TD Cowen raised their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup increased their target price on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Finally, Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Oceaneering International Price Performance

Shares of NYSE OII opened at $27.26 on Friday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 11.90 and a beta of 1.29. 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, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $28.85. The firm’s 50-day simple moving average is $23.86 and its 200 day simple moving average is $22.63.

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