Oceaneering International, Inc. (NYSE:OII) Given Average Rating of “Hold” by Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.00.

OII has been the topic of a number of research reports. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Barclays raised their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 29th. Finally, TD Cowen lifted their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd.

Oceaneering International Stock Performance

NYSE OII opened at $31.00 on Wednesday. The company has a fifty day moving average of $25.78 and a two-hundred day moving average of $24.16. The company has a market capitalization of $3.09 billion, a PE ratio of 13.53 and a beta of 1.24. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $31.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68.

Insider Transactions at Oceaneering International

In related news, SVP Jennifer Fremont Simons sold 29,155 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $26.35, for a total value of $768,234.25. Following the transaction, the senior vice president owned 52,344 shares in the company, valued at $1,379,264.40. The trade was a 35.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Oceaneering International by 6.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,457 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 1,749 shares during the last quarter. CWM LLC lifted its holdings in shares of Oceaneering International by 12.8% during the fourth quarter. CWM LLC now owns 19,973 shares of the oil and gas company’s stock worth $480,000 after purchasing an additional 2,272 shares during the period. State of Alaska Department of Revenue grew its position in Oceaneering International by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after buying an additional 380 shares during the last quarter. Choreo LLC acquired a new position in Oceaneering International in the 4th quarter valued at $261,000. Finally, Harbor Capital Advisors Inc. raised its position in Oceaneering International by 18.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 30,710 shares of the oil and gas company’s stock worth $738,000 after buying an additional 4,881 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.