Atria Investments Inc Buys 814 Shares of Oceaneering International, Inc. (NYSE:OII)

Atria Investments Inc raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,172 shares of the oil and gas company’s stock after acquiring an additional 814 shares during the quarter. Atria Investments Inc’s holdings in Oceaneering International were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of OII. Principal Financial Group Inc. grew its position in Oceaneering International by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 510,880 shares of the oil and gas company’s stock valued at $12,706,000 after acquiring an additional 7,037 shares during the last quarter. Entropy Technologies LP bought a new position in Oceaneering International in the 3rd quarter valued at $239,000. Empowered Funds LLC lifted its holdings in shares of Oceaneering International by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 117,709 shares of the oil and gas company’s stock worth $2,927,000 after buying an additional 5,909 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Oceaneering International by 8.0% in the 3rd quarter. Natixis Advisors LLC now owns 36,045 shares of the oil and gas company’s stock worth $896,000 after buying an additional 2,657 shares during the period. Finally, Chesapeake Capital Corp IL lifted its holdings in shares of Oceaneering International by 29.0% in the 3rd quarter. Chesapeake Capital Corp IL now owns 13,057 shares of the oil and gas company’s stock worth $324,000 after buying an additional 2,933 shares during the period. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays decreased their price objective on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Stock Up 3.2 %

Shares of OII stock opened at $20.18 on Friday. The stock’s 50-day simple moving average is $24.21 and its 200-day simple moving average is $25.44. 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 $2.03 billion, a PE ratio of 14.01 and a beta of 2.42. Oceaneering International, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $30.98.

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

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.