Townsquare Capital LLC Raises Holdings in Oceaneering International, Inc. (NYSE:OII)

Townsquare Capital LLC grew its stake in Oceaneering International, Inc. (NYSE:OII) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,458 shares of the oil and gas company’s stock after buying an additional 13,832 shares during the quarter. Townsquare Capital LLC’s holdings in Oceaneering International were worth $2,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OII. Teacher Retirement System of Texas purchased a new stake in shares of Oceaneering International in the 4th quarter valued at approximately $531,000. Old West Investment Management LLC acquired a new stake in Oceaneering International in the fourth quarter valued at $1,565,000. Stifel Financial Corp lifted its holdings in Oceaneering International by 51.8% during the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Oceaneering International by 4.7% during 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 buying an additional 58,081 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after acquiring an additional 138,931 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OII. TD Cowen raised their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays reduced their price target 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. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. Finally, StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.25.

Oceaneering International Stock Down 0.3 %

Oceaneering International stock opened at $16.94 on Wednesday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.76 and a beta of 1.94. 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 of $21.10 and a two-hundred day moving average of $24.55. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98.

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). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. As a group, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.