Stifel Financial Corp Has $1.72 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Stifel Financial Corp grew its holdings in Oceaneering International, Inc. (NYSE:OII) by 51.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,943 shares of the oil and gas company’s stock after purchasing an additional 23,512 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Oceaneering International worth $1,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OII. Millburn Ridgefield Corp bought a new stake in Oceaneering International in the third quarter valued at approximately $57,000. HighTower Advisors LLC raised its holdings in shares of Oceaneering International by 6.3% during the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 687 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Oceaneering International by 3.9% in the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 578 shares in the last quarter. Townsquare Capital LLC bought a new stake in Oceaneering International in the 3rd quarter valued at approximately $2,080,000. Finally, BNP Paribas Financial Markets boosted its holdings in Oceaneering International by 74.6% during the third quarter. BNP Paribas Financial Markets now owns 60,126 shares of the oil and gas company’s stock worth $1,495,000 after purchasing an additional 25,692 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

OII opened at $24.55 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International, Inc. has a 52-week low of $18.95 and a 52-week high of $30.98. The firm has a market cap of $2.48 billion, a P/E ratio of 18.60 and a beta of 2.39. The business’s fifty day moving average is $26.78 and its 200-day moving average is $25.57.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). The business had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. Sell-side analysts expect that Oceaneering International, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark reissued a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $22.00 to $26.00 in a research note on Wednesday.

Oceaneering International 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.