Fisher Asset Management LLC Purchases 153,214 Shares of Oceaneering International, Inc. $OII

Fisher Asset Management LLC lifted its position in Oceaneering International, Inc. (NYSE:OII) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 793,098 shares of the oil and gas company’s stock after purchasing an additional 153,214 shares during the quarter. Fisher Asset Management LLC’s holdings in Oceaneering International were worth $19,058,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake in Oceaneering International by 248.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 1,627 shares during the last quarter. MQS Management LLC bought a new position in Oceaneering International in the fourth quarter valued at $245,000. Legato Capital Management LLC increased its stake in Oceaneering International by 48.7% in the fourth quarter. Legato Capital Management LLC now owns 68,361 shares of the oil and gas company’s stock valued at $1,643,000 after acquiring an additional 22,374 shares during the last quarter. ProShare Advisors LLC increased its stake in Oceaneering International by 7.9% in the fourth quarter. ProShare Advisors LLC now owns 19,222 shares of the oil and gas company’s stock valued at $462,000 after acquiring an additional 1,402 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Oceaneering International by 11.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 341,840 shares of the oil and gas company’s stock valued at $8,214,000 after acquiring an additional 35,400 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Activity

In other news, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the transaction, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OII shares. TD Cowen increased their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Barclays increased their target price on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Zacks Research cut Oceaneering International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Oceaneering International has a consensus rating of “Hold” and an average target price of $36.67.

Oceaneering International Stock Down 0.7%

Shares of NYSE:OII opened at $38.78 on Thursday. The stock’s 50-day moving average price is $36.97 and its 200-day moving average price is $31.52. Oceaneering International, Inc. has a 12-month low of $18.80 and a 12-month high of $40.12. The stock has a market capitalization of $3.87 billion, a P/E ratio of 11.51 and a beta of 1.17. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million for the quarter, compared to the consensus estimate of $671.35 million. During the same period last year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.89 earnings per share for the current year.

Oceaneering International Profile

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.