F M Investments LLC Decreases Position in Oceaneering International, Inc. (NYSE:OII)

F M Investments LLC cut its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,385 shares of the oil and gas company's stock after selling 180,423 shares during the period. F M Investments LLC owned 0.12% of Oceaneering International worth $3,114,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. R Squared Ltd bought a new position in Oceaneering International in the 4th quarter worth about $40,000. Smartleaf Asset Management LLC boosted its position in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock valued at $104,000 after acquiring an additional 3,157 shares during the period. KBC Group NV grew 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 valued at $136,000 after acquiring an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Oceaneering International during the 4th quarter worth approximately $156,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Oceaneering International in the 3rd quarter worth approximately $202,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. TD Cowen raised their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Barclays cut their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Finally, StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.25.

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Oceaneering International Price Performance

OII traded down $0.05 during trading on Tuesday, reaching $16.94. The stock had a trading volume of 600,827 shares, compared to its average volume of 855,115. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The business has a 50-day moving average of $21.25 and a 200-day moving average of $24.61. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The stock has a market cap of $1.71 billion, a PE ratio of 11.76 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. As a group, equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.