Janus Henderson Group PLC Has $23.49 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Janus Henderson Group PLC cut its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 944,496 shares of the oil and gas company's stock after selling 372,773 shares during the quarter. Janus Henderson Group PLC owned about 0.93% of Oceaneering International worth $23,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OII. Congress Asset Management Co. bought a new position in Oceaneering International in the 3rd quarter valued at about $38,819,000. Earnest Partners LLC raised its holdings in Oceaneering International by 21.0% during the second quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company's stock worth $150,601,000 after purchasing an additional 1,105,263 shares in the last quarter. Victory Capital Management Inc. lifted its position in Oceaneering International by 101.6% in the second quarter. Victory Capital Management Inc. now owns 550,077 shares of the oil and gas company's stock worth $13,015,000 after purchasing an additional 277,247 shares during the period. Beacon Harbor Wealth Advisors Inc. bought a new position in Oceaneering International during the 3rd quarter valued at $6,106,000. Finally, American Century Companies Inc. increased its position in shares of Oceaneering International by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 2,022,378 shares of the oil and gas company's stock valued at $47,849,000 after purchasing an additional 239,701 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total transaction of $75,702.00. Following the transaction, the director now owns 28,229 shares in the company, valued at approximately $647,573.26. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OII shares. Barclays cut their price objective on Oceaneering International from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th.

Oceaneering International Price Performance

Shares of NYSE:OII traded down $1.27 on Friday, reaching $27.09. 863,500 shares of the company traded hands, compared to its average volume of 678,008. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The stock has a market capitalization of $2.74 billion, a PE ratio of 20.52 and a beta of 2.39. The company's 50 day moving average is $26.77 and its 200-day moving average is $25.45. Oceaneering International, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $679.81 million for the quarter, compared to analysts' expectations of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, analysts anticipate that Oceaneering International, Inc. will post 1.4 earnings per share 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.