State of New Jersey Common Pension Fund D Boosts Holdings in Oceaneering International, Inc. (NYSE:OII)

State of New Jersey Common Pension Fund D grew its position in Oceaneering International, Inc. (NYSE:OII) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,417 shares of the oil and gas company’s stock after buying an additional 3,785 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Oceaneering International worth $1,993,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OII. R Squared Ltd purchased a new position in Oceaneering International in the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC boosted its position in Oceaneering International by 3,594.3% in the 3rd 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 during the period. Millburn Ridgefield Corp purchased a new position in Oceaneering International in the 3rd quarter valued at approximately $57,000. KBC Group NV lifted its position in shares of Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Oceaneering International during the third quarter worth $202,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 6.8 %

NYSE OII opened at $22.52 on Monday. Oceaneering International, Inc. has a one year low of $19.68 and a one year high of $30.98. The company’s 50 day moving average price is $25.68 and its 200 day moving average price is $26.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.64 and a beta of 2.38.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

OII has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $22.00 to $26.00 in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Friday. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Oceaneering International currently has an average rating of “Hold” and a consensus 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.