Illinois Municipal Retirement Fund Boosts Stake in Oceaneering International, Inc. (NYSE:OII)

Illinois Municipal Retirement Fund grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,973 shares of the oil and gas company’s stock after acquiring an additional 10,074 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Oceaneering International worth $1,361,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Oceaneering International by 5.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,632 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 510 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Oceaneering International by 2.0% in the third quarter. Natixis Advisors L.P. now owns 33,859 shares of the oil and gas company’s stock valued at $871,000 after buying an additional 659 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oceaneering International by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after buying an additional 824 shares during the period. Los Angeles Capital Management LLC lifted its position in Oceaneering International by 1.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 71,211 shares of the oil and gas company’s stock worth $1,832,000 after acquiring an additional 904 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Oceaneering International by 1.0% in the 3rd quarter. Swiss National Bank now owns 221,548 shares of the oil and gas company’s stock worth $5,698,000 after acquiring an additional 2,100 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OII. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Thursday. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barclays decreased their price objective on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th.

Oceaneering International Stock Performance

Oceaneering International stock opened at $24.90 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 23.49 and a beta of 2.49. The company has a current ratio of 1.76, a quick ratio of 1.50 and a debt-to-equity ratio of 0.76. Oceaneering International, Inc. has a 52 week low of $14.99 and a 52 week high of $27.46. The stock has a 50 day moving average of $22.54 and a 200-day moving average of $21.78.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. The firm had revenue of $599.09 million for the quarter, compared to analyst estimates of $613.58 million. On average, analysts expect that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

Oceaneering International Profile

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.