Walthausen & Co. LLC Has $7.36 Million Holdings in Oceaneering International, Inc. (OII)
Walthausen & Co. LLC increased its stake in Oceaneering International, Inc. (NYSE:OII) by 34.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,260 shares of the oil and gas company’s stock after acquiring an additional 71,930 shares during the period. Walthausen & Co. LLC owned approximately 0.29% of Oceaneering International worth $7,362,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 39.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,205,338 shares of the oil and gas company’s stock valued at $96,049,000 after buying an additional 1,190,224 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Oceaneering International during the second quarter valued at approximately $22,929,000. Balyasny Asset Management LLC raised its stake in shares of Oceaneering International by 2,750.8% during the second quarter. Balyasny Asset Management LLC now owns 843,843 shares of the oil and gas company’s stock valued at $19,273,000 after purchasing an additional 814,243 shares during the period. Royal Bank of Canada raised its stake in shares of Oceaneering International by 169.8% during the second quarter. Royal Bank of Canada now owns 289,277 shares of the oil and gas company’s stock valued at $6,606,000 after purchasing an additional 703,599 shares during the period. Finally, Eaton Vance Management raised its stake in shares of Oceaneering International by 20.4% during the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after purchasing an additional 519,289 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on OII shares. ValuEngine upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Barclays started coverage on shares of Oceaneering International in a research note on Friday, October 6th. They set an “equal weight” rating and a $28.00 target price for the company. Cowen set a $28.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Friday, October 6th. Citigroup lowered their target price on shares of Oceaneering International from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Finally, Piper Jaffray Companies lowered shares of Oceaneering International from an “overweight” rating to a “neutral” rating in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. Oceaneering International has a consensus rating of “Hold” and a consensus target price of $24.84.
Shares of Oceaneering International, Inc. (NYSE OII) traded down $0.05 during trading on Wednesday, reaching $19.26. 944,700 shares of the company’s stock traded hands, compared to its average volume of 1,379,430. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,897.77, a PE ratio of 643.67 and a beta of 1.63. Oceaneering International, Inc. has a 12-month low of $17.11 and a 12-month high of $32.12.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $476.12 million for the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. Oceaneering International’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. equities research analysts anticipate that Oceaneering International, Inc. will post -0.09 EPS for the current fiscal year.
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Oceaneering International Profile
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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