Chesapeake Capital Corp IL Has $477,000 Stock Position in Oceaneering International, Inc. (NYSE:OII)

Chesapeake Capital Corp IL decreased its stake in Oceaneering International, Inc. (NYSE:OII) by 26.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,380 shares of the oil and gas company’s stock after selling 7,279 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Oceaneering International were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SageView Advisory Group LLC purchased a new stake in Oceaneering International in the 1st quarter worth about $294,000. Foundry Partners LLC purchased a new stake in Oceaneering International in the 1st quarter worth about $309,000. State Board of Administration of Florida Retirement System lifted its stake in Oceaneering International by 30.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,439 shares of the oil and gas company’s stock worth $876,000 after acquiring an additional 8,740 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Oceaneering International by 20.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 709,764 shares of the oil and gas company’s stock worth $16,609,000 after acquiring an additional 122,400 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in Oceaneering International by 5.4% in the 1st quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 628 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Down 1.6 %

Shares of OII traded down $0.41 during midday trading on Friday, reaching $25.88. 816,753 shares of the stock were exchanged, compared to its average volume of 794,703. Oceaneering International, Inc. has a 12-month low of $18.67 and a 12-month high of $27.46. The firm has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $22.37. The company has a quick ratio of 1.45, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 24.42 and a beta of 2.39.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Oceaneering International had a return on equity of 14.82% and a net margin of 4.36%. The firm had revenue of $599.09 million for the quarter, compared to analysts’ expectations of $613.58 million. Research analysts forecast that Oceaneering International, Inc. will post 1.4 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Citigroup increased their price objective on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Barclays reaffirmed an “underweight” rating and set a $21.00 price target (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research note on Thursday, April 25th.

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.