Loomis Sayles & Co. L P Acquires 267,230 Shares of Oceaneering International, Inc. (NYSE:OII)

Loomis Sayles & Co. L P grew its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 14.5% in the 4th quarter, Holdings Channel reports. The fund owned 2,106,002 shares of the oil and gas company’s stock after buying an additional 267,230 shares during the period. Loomis Sayles & Co. L P’s holdings in Oceaneering International were worth $54,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OII. American Century Companies Inc. lifted its stake in shares of Oceaneering International by 14.3% in the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock valued at $74,112,000 after acquiring an additional 355,290 shares during the last quarter. JPMorgan Chase & Co. raised its position in Oceaneering International by 48.0% in the fourth quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company’s stock valued at $20,799,000 after purchasing an additional 258,588 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Oceaneering International by 191.7% during 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 purchasing an additional 253,705 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of Oceaneering International by 11.2% during the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock worth $45,283,000 after purchasing an additional 175,434 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after buying an additional 138,931 shares during the period. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

OII stock opened at $22.20 on Thursday. The firm has a market cap of $2.23 billion, a PE ratio of 15.41 and a beta of 2.42. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $23.36 and a 200-day moving average price of $25.20. Oceaneering International, Inc. has a 1-year low of $18.87 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII) last issued 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%. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OII has been the topic of several recent research reports. Citigroup downgraded 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. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Barclays decreased their price objective on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Oceaneering International presently has a consensus rating of “Hold” and an average price target 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.