KBC Group NV Acquires 2,192 Shares of Oceaneering International, Inc. (NYSE:OII)

KBC Group NV boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 72.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,210 shares of the oil and gas company’s stock after purchasing an additional 2,192 shares during the period. KBC Group NV’s holdings in Oceaneering International were worth $136,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Oceaneering International during the 3rd quarter worth about $57,000. GAMMA Investing LLC increased its position in Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 1,412 shares in the last quarter. CWM LLC raised 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 acquiring an additional 4,323 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Oceaneering International by 49.7% during the third quarter. SG Americas Securities LLC now owns 7,484 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 2,483 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 2.7 %

Shares of Oceaneering International stock opened at $24.67 on Friday. The business has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $26.27. The stock has a market cap of $2.49 billion, a PE ratio of 18.69 and a beta of 2.38. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Oceaneering International, Inc. has a 12 month low of $19.68 and a 12 month high of $30.98.

Analysts Set New Price Targets

OII has been the subject of a number of research reports. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Benchmark reissued a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research note on Friday, October 25th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. TD Cowen lifted their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.25.

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.