Fisher Asset Management LLC Buys 253,705 Shares of Oceaneering International, Inc. (NYSE:OII)

Fisher Asset Management LLC increased its position in shares of Oceaneering International, Inc. (NYSE:OII) by 191.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,068 shares of the oil and gas company’s stock after purchasing an additional 253,705 shares during the quarter. Fisher Asset Management LLC’s holdings in Oceaneering International were worth $10,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Oceaneering International by 2.1% in 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. FMR LLC increased its stake in Oceaneering International by 1.3% in the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock valued at $72,023,000 after acquiring an additional 36,593 shares during the last quarter. Geode Capital Management LLC raised its position in Oceaneering International by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock valued at $56,691,000 after purchasing an additional 26,328 shares in the last quarter. Franklin Resources Inc. lifted its stake in Oceaneering International by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,928,780 shares of the oil and gas company’s stock worth $49,647,000 after purchasing an additional 57,193 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Oceaneering International by 12.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after purchasing an additional 206,458 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TD Cowen increased their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Stock Down 2.8 %

Shares of NYSE OII opened at $20.15 on Wednesday. The company has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $25.82. The firm has a market cap of $2.23 billion, a PE ratio of 13.99 and a beta of 2.38. Oceaneering International, Inc. has a 1 year low of $19.62 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results 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). 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%. On average, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.