Invesco Ltd. Sells 32,393 Shares of Oceaneering International, Inc. (NYSE:OII)

Invesco Ltd. decreased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,143 shares of the oil and gas company's stock after selling 32,393 shares during the quarter. Invesco Ltd. owned approximately 0.59% of Oceaneering International worth $15,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OII. Inspire Advisors LLC increased its holdings in Oceaneering International by 4.9% in the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after acquiring an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock worth $1,853,000 after purchasing an additional 446 shares during the period. LPL Financial LLC increased its stake in shares of Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after purchasing an additional 451 shares in the last quarter. HighTower Advisors LLC raised 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 valued at $286,000 after purchasing an additional 687 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock valued at $3,090,000 after buying an additional 757 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

Oceaneering International Price Performance

Shares of NYSE:OII traded down $0.11 on Wednesday, reaching $17.27. The company's stock had a trading volume of 1,149,725 shares, compared to its average volume of 862,164. The company has a 50-day simple moving average of $20.34 and a 200 day simple moving average of $24.27. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. 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 company has a market cap of $1.75 billion, a P/E ratio of 11.99 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 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.