Goehring & Rozencwajg Associates LLC lessened its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 460,189 shares of the oil and gas company's stock after selling 11,168 shares during the quarter. Oceaneering International comprises 2.3% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 16th biggest holding. Goehring & Rozencwajg Associates LLC owned 0.46% of Oceaneering International worth $11,334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of OII. Captrust Financial Advisors raised its position in Oceaneering International by 3.9% during the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after purchasing an additional 578 shares during the period. HighTower Advisors LLC grew its position in shares of Oceaneering International by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company's stock worth $286,000 after buying an additional 687 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in Oceaneering International by 12.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company's stock worth $205,000 after buying an additional 840 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after buying an additional 1,412 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Oceaneering International in the fourth quarter valued at about $40,000. Institutional investors own 93.93% of the company's stock.
Oceaneering International Price Performance
Shares of Oceaneering International stock traded down $0.79 on Wednesday, hitting $24.91. The company's stock had a trading volume of 739,209 shares, compared to its average volume of 679,904. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.52 billion, a P/E ratio of 18.87 and a beta of 2.38. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The firm has a fifty day moving average price of $25.97 and a 200-day moving average price of $26.20.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Benchmark reaffirmed a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Finally, Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $29.25.
View Our Latest Report on OII
Oceaneering International Profile
(
Free Report)
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.
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