Gamco Investors INC. ET AL Buys 1,265 Shares of Oceaneering International, Inc. (NYSE:OII)

Gamco Investors INC. ET AL raised its stake in Oceaneering International, Inc. (NYSE:OII) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,640 shares of the oil and gas company’s stock after purchasing an additional 1,265 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Oceaneering International were worth $10,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of OII. Neo Ivy Capital Management bought a new position in Oceaneering International in the fourth quarter valued at approximately $44,000. Pineridge Advisors LLC bought a new position in Oceaneering International in the fourth quarter valued at approximately $44,000. EntryPoint Capital LLC grew its stake in Oceaneering International by 105.2% in the first quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 1,124 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Oceaneering International during the 1st quarter worth approximately $105,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Oceaneering International during the 1st quarter worth approximately $144,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays reiterated an “underweight” rating and set a $21.00 target price (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. Citigroup lifted their target price on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Benchmark reiterated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Thursday. Finally, StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Oceaneering International Stock Performance

OII traded up $0.80 during trading on Friday, hitting $29.75. The stock had a trading volume of 1,688,965 shares, compared to its average volume of 899,487. The company has a 50 day moving average price of $23.64 and a 200-day moving average price of $22.59. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 28.07 and a beta of 2.39. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.72 and a quick ratio of 1.45.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $668.81 million during the quarter, compared to the consensus estimate of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, research analysts predict that Oceaneering International, Inc. will post 1.4 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.