Empowered Funds LLC Acquires 757 Shares of Oceaneering International, Inc. (NYSE:OII)

Empowered Funds LLC lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,466 shares of the oil and gas company’s stock after purchasing an additional 757 shares during the period. Empowered Funds LLC’s holdings in Oceaneering International were worth $3,090,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Oceaneering International during the 3rd quarter valued at $57,000. KBC Group NV boosted its stake in Oceaneering International by 72.6% during the fourth 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, CWM LLC grew its holdings in Oceaneering International by 165.5% in the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 4,323 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of NYSE OII opened at $25.31 on Friday. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 19.18 and a beta of 2.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $30.98. The firm’s 50-day simple moving average is $25.91 and its 200 day simple moving average is $26.19.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. Finally, TD Cowen increased their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.25.

About Oceaneering International

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.