5,963 Shares in Oceaneering International, Inc. (NYSE:OII) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of Oceaneering International, Inc. (NYSE:OII) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,963 shares of the oil and gas company’s stock, valued at approximately $156,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in Oceaneering International by 51.8% during the third quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after buying an additional 23,512 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Oceaneering International by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after acquiring an additional 58,081 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Oceaneering International in the fourth quarter valued at about $531,000. Barclays PLC lifted its position in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Oceaneering International by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock worth $13,748,000 after purchasing an additional 16,269 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Trading Up 1.3 %

Shares of OII opened at $22.57 on Thursday. Oceaneering International, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $30.98. The business has a 50-day moving average of $22.91 and a 200 day moving average of $25.17. The firm has a market cap of $2.27 billion, a P/E ratio of 15.67 and a beta of 2.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74.

Oceaneering International (NYSE:OII) last posted its earnings results 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 analysts’ expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OII shares. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.25.

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.