American Century Companies Inc. Buys 355,290 Shares of Oceaneering International, Inc. (NYSE:OII)

American Century Companies Inc. boosted its position in shares of Oceaneering International, Inc. (NYSE:OII) by 14.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,841,710 shares of the oil and gas company’s stock after purchasing an additional 355,290 shares during the period. American Century Companies Inc.’s holdings in Oceaneering International were worth $74,112,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Oceaneering International by 2.1% during the third quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock worth $129,847,000 after buying an additional 107,394 shares in the last quarter. FMR LLC raised its position in Oceaneering International by 1.3% in the 3rd quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock valued at $72,023,000 after purchasing an additional 36,593 shares during the last quarter. Geode Capital Management LLC boosted its stake in Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock worth $56,691,000 after purchasing an additional 26,328 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of 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 increased its stake in shares of Oceaneering International by 12.6% in the third 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 buying an additional 206,458 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Price Performance

Shares of OII stock opened at $22.08 on Wednesday. The firm’s 50 day moving average price is $23.46 and its two-hundred day moving average price is $25.22. 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, Inc. has a 52-week low of $18.87 and a 52-week high of $30.98. The stock has a market cap of $2.22 billion, a PE ratio of 15.33 and a beta of 2.42.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OII. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Barclays dropped 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 research report on Wednesday, March 5th. TD Cowen increased their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. One equities 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. According to data from MarketBeat.com, Oceaneering International currently has a consensus rating of “Hold” and a consensus price target of $28.25.

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.