20,360 Shares in Oceaneering International, Inc. (NYSE:OII) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in Oceaneering International, Inc. (NYSE:OII) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,360 shares of the oil and gas company’s stock, valued at approximately $531,000.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in shares of Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock valued at $10,069,000 after buying an additional 253,705 shares during the last quarter. Congress Asset Management Co. increased its stake in Oceaneering International by 11.2% in the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock worth $45,283,000 after purchasing an additional 175,434 shares during the period. Barclays PLC boosted its stake in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares during the period. Van ECK Associates Corp increased its stake in Oceaneering International by 8.9% in the 4th quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock worth $40,906,000 after buying an additional 128,187 shares during the period. Finally, State Street Corp lifted its holdings in Oceaneering International by 2.1% during the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock valued at $129,847,000 after buying an additional 107,394 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barclays cut their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note 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. Finally, Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One equities 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 stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Price Performance

Shares of OII opened at $21.83 on Tuesday. The company has a 50 day moving average of $23.08 and a two-hundred day moving average of $25.20. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 15.16 and a beta of 2.42. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a twelve month low of $18.87 and a twelve month high of $30.98.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $681.60 million. As a group, analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal 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.