Oceaneering International, Inc. (NYSE:OII) Stock Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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. owned 2.81% of Oceaneering International worth $74,112,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Oceaneering International during the 4th quarter worth $40,000. Millburn Ridgefield Corp bought a new position in Oceaneering International during the third quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its position in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 3,157 shares during the last quarter. KBC Group NV boosted its stake in shares of Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Oceaneering International during the 3rd quarter valued at about $202,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

NYSE:OII opened at $22.08 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The stock has a market cap of $2.22 billion, a P/E ratio of 15.33 and a beta of 2.42. The company has a fifty day moving average price of $23.46 and a 200 day moving average price of $25.22. Oceaneering International, Inc. has a one year low of $18.87 and a one year 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 during the quarter, compared to the consensus estimate of $681.60 million. Analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. TD Cowen lifted their target price 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 decreased 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 report on Wednesday, March 5th. Finally, Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average 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.