Fisher Asset Management LLC Increases Stock Holdings in Oceaneering International, Inc. $OII

Fisher Asset Management LLC boosted its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 573,330 shares of the oil and gas company's stock after acquiring an additional 42,712 shares during the quarter. Fisher Asset Management LLC owned 0.57% of Oceaneering International worth $11,879,000 as of its most recent filing with the SEC.

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A number of other large investors also recently added to or reduced their stakes in OII. IFP Advisors Inc lifted its holdings in Oceaneering International by 11,380.8% during the second quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company's stock valued at $62,000 after purchasing an additional 2,959 shares in the last quarter. Strs Ohio purchased a new position in Oceaneering International in the 1st quarter valued at about $168,000. Central Pacific Bank Trust Division lifted its stake in Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company's stock valued at $209,000 after buying an additional 840 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Oceaneering International by 129.1% in the 2nd quarter. SG Americas Securities LLC now owns 10,599 shares of the oil and gas company's stock worth $220,000 after buying an additional 5,972 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Oceaneering International during the 2nd quarter worth approximately $241,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Oceaneering International in a research report on Monday. TD Cowen lifted their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Monday, November 3rd. Barclays increased their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Oceaneering International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. One 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 an average rating of "Hold" and an average price target of $25.00.

Get Our Latest Report on OII

Oceaneering International Trading Up 5.8%

Shares of OII stock opened at $26.21 on Thursday. 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 twelve month low of $15.46 and a twelve month high of $30.43. The company's 50-day moving average price is $23.82 and its 200-day moving average price is $22.60. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 11.45 and a beta of 1.29.

Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results 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 company had revenue of $742.90 million for the quarter, compared to the consensus estimate of $709.48 million. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. Oceaneering International's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current 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.

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