Savant Capital LLC Raises Stock Position in Oceaneering International, Inc. (NYSE:OII)

Savant Capital LLC raised its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,824 shares of the oil and gas company’s stock after purchasing an additional 1,689 shares during the period. Savant Capital LLC’s holdings in Oceaneering International were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Oceaneering International during the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its stake in Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Oceaneering International during the third quarter worth $57,000. KBC Group NV raised its position in shares of Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Oceaneering International by 165.5% in the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company’s stock worth $172,000 after buying an additional 4,323 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Price Performance

OII stock opened at $25.69 on Wednesday. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 19.46 and a beta of 2.38. The business has a fifty day moving average of $25.83 and a two-hundred day moving average of $26.09.

Analysts Set New Price Targets

A number of research firms have commented on OII. TD Cowen increased their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and an average price target of $29.25.

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.