Millennium Management LLC Buys Shares of 441,477 Oceaneering International (OII)

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Millennium Management LLC bought a new stake in Oceaneering International (NYSE:OII) during the fourth quarter, HoldingsChannel reports. The firm bought 441,477 shares of the oil and gas company’s stock, valued at approximately $5,342,000.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Oceaneering International by 2.3% in the 4th quarter. BlackRock Inc. now owns 11,614,045 shares of the oil and gas company’s stock valued at $140,529,000 after purchasing an additional 262,078 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Oceaneering International by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 9,008,693 shares of the oil and gas company’s stock valued at $248,639,000 after purchasing an additional 116,111 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oceaneering International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,008,693 shares of the oil and gas company’s stock valued at $248,639,000 after purchasing an additional 116,111 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Oceaneering International by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,934,281 shares of the oil and gas company’s stock valued at $96,005,000 after purchasing an additional 110,317 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Oceaneering International by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,087,935 shares of the oil and gas company’s stock valued at $37,364,000 after purchasing an additional 41,774 shares in the last quarter.

A number of equities research analysts have recently issued reports on the stock. Societe Generale set a $17.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Barclays upgraded shares of Oceaneering International from an “equal weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Wednesday, February 20th. Capital One Financial set a $13.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Wednesday, December 26th. Finally, Cowen restated a “market perform” rating and issued a $16.00 target price (down previously from $17.00) on shares of Oceaneering International in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $21.23.

OII opened at $16.82 on Monday. The stock has a market cap of $1.67 billion, a P/E ratio of -23.69 and a beta of 2.01. Oceaneering International has a fifty-two week low of $10.74 and a fifty-two week high of $28.62. The company has a current ratio of 2.52, a quick ratio of 2.12 and a debt-to-equity ratio of 0.56.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, February 13th. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.31. The firm had revenue of $495.10 million for the quarter, compared to analyst estimates of $488.12 million. Oceaneering International had a negative net margin of 11.12% and a negative return on equity of 4.55%. Oceaneering International’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Sell-side analysts predict that Oceaneering International will post -1.03 earnings per share for the current fiscal year.

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Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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

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