Oceaneering International (OII) Holdings Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Oceaneering International (NYSE:OII) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 480,308 shares of the oil and gas company’s stock after acquiring an additional 42,897 shares during the period. Schwab Charles Investment Management Inc. owned about 0.49% of Oceaneering International worth $8,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Oceaneering International by 23.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,009,622 shares of the oil and gas company’s stock valued at $63,623,000 after purchasing an additional 572,951 shares during the period. Millennium Management LLC raised its stake in Oceaneering International by 208.4% during the 4th quarter. Millennium Management LLC now owns 1,873,907 shares of the oil and gas company’s stock worth $39,614,000 after buying an additional 1,266,314 shares during the period. Vident Investment Advisory LLC raised its stake in Oceaneering International by 86.2% during the 4th quarter. Vident Investment Advisory LLC now owns 1,726,591 shares of the oil and gas company’s stock worth $36,500,000 after buying an additional 799,455 shares during the period. Brandywine Global Investment Management LLC raised its stake in shares of Oceaneering International by 33.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,665,297 shares of the oil and gas company’s stock valued at $35,205,000 after purchasing an additional 420,875 shares during the period. Finally, Eaton Vance Management raised its stake in shares of Oceaneering International by 16.0% in the 1st quarter. Eaton Vance Management now owns 1,411,903 shares of the oil and gas company’s stock valued at $26,177,000 after purchasing an additional 195,105 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Oceaneering International opened at $24.64 on Friday, according to Marketbeat.com. The company has a market capitalization of $2.31 billion, a P/E ratio of -352.00 and a beta of 1.38. Oceaneering International has a 12 month low of $17.11 and a 12 month high of $26.95. The company has a quick ratio of 2.47, a current ratio of 2.97 and a debt-to-equity ratio of 0.48.



Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 25th. The oil and gas company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.08). Oceaneering International had a negative return on equity of 2.77% and a net margin of 6.60%. The business had revenue of $416.00 million during the quarter, compared to the consensus estimate of $426.79 million. During the same period last year, the business posted ($0.08) earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. equities analysts expect that Oceaneering International will post -1 earnings per share for the current year.

Several brokerages have recently weighed in on OII. Credit Suisse Group restated a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Oceaneering International in a report on Monday, February 26th. ValuEngine upgraded Oceaneering International from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Royal Bank of Canada boosted their price objective on Oceaneering International to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 30th. Wells Fargo & Co reiterated an “outperform” rating and issued a $17.00 price target (down from $18.00) on shares of Oceaneering International in a research report on Monday, February 26th. Finally, Jefferies Financial Group upgraded shares of Oceaneering International from an “underperform” rating to a “hold” rating and lifted their price target for the company from $18.82 to $19.00 in a research report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.85.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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

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