Jane Street Group LLC Acquires Shares of 30,600 Oceaneering International (OII)

Jane Street Group LLC bought a new position in Oceaneering International (NYSE:OII) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 30,600 shares of the oil and gas company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ING Groep NV increased its stake in shares of Oceaneering International by 23.2% in the fourth quarter. ING Groep NV now owns 14,828 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 2,793 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Oceaneering International by 0.7% in the third quarter. Schroder Investment Management Group now owns 428,257 shares of the oil and gas company’s stock worth $11,370,000 after purchasing an additional 3,080 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Oceaneering International by 21.7% in the fourth quarter. Foundry Partners LLC now owns 17,985 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 3,210 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Oceaneering International by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 378,293 shares of the oil and gas company’s stock worth $9,937,000 after purchasing an additional 3,744 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Oceaneering International by 28.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,706 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 3,748 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

OII stock opened at $19.18 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23. Oceaneering International has a 12 month low of $17.11 and a 12 month high of $28.21. The company has a market capitalization of $1,819.55, a PE ratio of -274.00 and a beta of 1.39.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Oceaneering International had a net margin of 8.66% and a negative return on equity of 0.49%. The company had revenue of $484.20 million during the quarter, compared to analyst estimates of $435.90 million. During the same period last year, the business earned $0.03 earnings per share. Oceaneering International’s revenue was down .9% compared to the same quarter last year. equities research analysts predict that Oceaneering International will post -0.65 EPS for the current year.

Several equities analysts have recently weighed in on OII shares. Royal Bank of Canada set a $22.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Jefferies Group upgraded shares of Oceaneering International from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $18.82 to $19.00 in a research note on Wednesday, March 14th. Cowen set a $27.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Wells Fargo reiterated an “outperform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Oceaneering International in a research note on Monday, February 26th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.97.

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About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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