Vanguard Group Inc. Has $314.18 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Vanguard Group Inc. trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,215,387 shares of the oil and gas company’s stock after selling 27,981 shares during the quarter. Vanguard Group Inc. owned 12.13% of Oceaneering International worth $314,180,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Oceaneering International by 3.5% during the third quarter. State Street Corp now owns 4,758,759 shares of the oil and gas company’s stock worth $37,880,000 after purchasing an additional 161,414 shares during the period. FMR LLC grew its holdings in Oceaneering International by 18.9% during the third quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock worth $114,134,000 after buying an additional 705,534 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Oceaneering International by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,600,960 shares of the oil and gas company’s stock worth $54,592,000 after buying an additional 189,991 shares in the last quarter. Sourcerock Group LLC grew its holdings in Oceaneering International by 23.8% during the second quarter. Sourcerock Group LLC now owns 2,228,302 shares of the oil and gas company’s stock worth $41,669,000 after buying an additional 428,532 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Oceaneering International by 4.0% during the second quarter. Geode Capital Management LLC now owns 1,936,346 shares of the oil and gas company’s stock worth $36,210,000 after buying an additional 74,167 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

Oceaneering International Stock Performance

Shares of OII opened at $23.32 on Thursday. The stock’s 50-day simple moving average is $21.20 and its 200 day simple moving average is $21.93. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 24.55 and a beta of 2.47. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. Oceaneering International, Inc. has a 52-week low of $14.99 and a 52-week high of $27.46.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The company had revenue of $654.60 million for the quarter, compared to analysts’ expectations of $624.81 million. Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Research analysts forecast that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal 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.