Townsquare Capital LLC Raises Stock Position in Oceaneering International, Inc. (NYSE:OII)

Townsquare Capital LLC lifted its position in Oceaneering International, Inc. (NYSE:OII) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,458 shares of the oil and gas company’s stock after acquiring an additional 13,832 shares during the quarter. Townsquare Capital LLC owned 0.10% of Oceaneering International worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Inspire Advisors LLC raised its holdings in shares of Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after buying an additional 446 shares during the last quarter. LPL Financial LLC boosted its holdings in Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock valued at $1,467,000 after purchasing an additional 451 shares during the last quarter. HighTower Advisors LLC grew its position in Oceaneering International by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 687 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock valued at $3,090,000 after buying an additional 757 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Trading Down 0.3 %

Shares of OII stock opened at $16.94 on Wednesday. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 11.76 and a beta of 1.94. The company’s 50-day moving average price is $21.10 and its 200-day moving average price is $24.55. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. As a group, equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OII. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. Barclays cut their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Finally, TD Cowen upped their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and a consensus price target of $28.25.

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.