Chesapeake Capital Corp IL Makes New Investment in Oceaneering International, Inc. (NYSE:OII)

Chesapeake Capital Corp IL purchased a new position in shares of Oceaneering International, Inc. (NYSE:OIIFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,659 shares of the oil and gas company’s stock, valued at approximately $589,000.

Several other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position in shares of Oceaneering International by 18.9% in the third quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock worth $114,134,000 after acquiring an additional 705,534 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company’s stock valued at $56,654,000 after buying an additional 34,181 shares in the last quarter. Franklin Resources Inc. lifted its position in Oceaneering International by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 1,696,601 shares of the oil and gas company’s stock valued at $36,104,000 after buying an additional 19,966 shares in the last quarter. American Century Companies Inc. raised its holdings in Oceaneering International by 8.0% in the third quarter. American Century Companies Inc. now owns 1,292,868 shares of the oil and gas company’s stock valued at $33,253,000 after acquiring an additional 95,231 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Oceaneering International by 27.0% in the third quarter. Invesco Ltd. now owns 1,202,565 shares of the oil and gas company’s stock valued at $30,930,000 after acquiring an additional 256,036 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OII shares. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Barclays reaffirmed an “underweight” rating and issued a $21.00 price target (down from $22.00) on shares of Oceaneering International in a report on Tuesday, May 14th. Finally, Benchmark reissued a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a report on Thursday, April 25th.

Read Our Latest Report on OII

Oceaneering International Stock Performance

Shares of NYSE:OII traded up $0.50 on Monday, reaching $23.26. 551,900 shares of the company’s stock were exchanged, compared to its average volume of 824,643. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.94 and a beta of 2.44. Oceaneering International, Inc. has a fifty-two week low of $14.99 and a fifty-two week high of $27.46. The business’s 50-day moving average is $23.47 and its two-hundred day moving average is $21.71. The company has a quick ratio of 1.45, a current ratio of 1.76 and a debt-to-equity ratio of 0.76.

Oceaneering International (NYSE:OIIGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a return on equity of 14.82% and a net margin of 4.36%. As a group, equities research analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current year.

About Oceaneering International

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International, Inc. (NYSE:OIIFree Report).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.