Loomis Sayles & Co. L P Acquires 267,230 Shares of Oceaneering International, Inc. (NYSE:OII)

Loomis Sayles & Co. L P lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,106,002 shares of the oil and gas company’s stock after purchasing an additional 267,230 shares during the quarter. Loomis Sayles & Co. L P owned 2.08% of Oceaneering International worth $54,925,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OII. R Squared Ltd acquired a new stake in shares of Oceaneering International during the fourth quarter worth $40,000. Millburn Ridgefield Corp acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its holdings in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 3,157 shares in the last quarter. KBC Group NV boosted its position in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,192 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Oceaneering International in the 3rd quarter valued at approximately $202,000. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on OII. Barclays reduced their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, TD Cowen upped their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and a consensus price target of $28.25.

Oceaneering International Trading Up 0.8 %

Shares of Oceaneering International stock opened at $22.20 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm has a 50-day moving average of $23.36 and a 200-day moving average of $25.20. Oceaneering International, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The stock has a market cap of $2.23 billion, a PE ratio of 15.41 and a beta of 2.42.

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

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.