Charles Schwab Investment Management Inc. Purchases 58,081 Shares of Oceaneering International, Inc. (NYSE:OII)

Charles Schwab Investment Management Inc. grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,298,658 shares of the oil and gas company’s stock after acquiring an additional 58,081 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.29% of Oceaneering International worth $33,869,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OII. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 3,157 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Oceaneering International by 191.7% in 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Oceaneering International by 0.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after buying an additional 446 shares during the last quarter. Keating Investment Counselors Inc. raised its position in Oceaneering International by 0.3% during the fourth quarter. Keating Investment Counselors Inc. now owns 393,033 shares of the oil and gas company’s stock worth $10,250,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after acquiring an additional 16,269 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OII. TD Cowen upped their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Citigroup cut 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. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Finally, Barclays cut their target price on shares of 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Trading Up 3.2 %

Shares of OII stock opened at $20.18 on Monday. Oceaneering International, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $30.98. The stock’s fifty day moving average price is $24.21 and its two-hundred day moving average price is $25.42. 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 company has a market cap of $2.03 billion, a PE ratio of 14.01 and a beta of 2.42.

Oceaneering International (NYSE:OII) last released its quarterly earnings data 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). The business 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 predict that Oceaneering International, Inc. will post 1.78 EPS 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.