Legal & General Group Plc decreased its holdings in Oceaneering International, Inc. (NYSE:OII - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,708 shares of the oil and gas company's stock after selling 15,580 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of Oceaneering International worth $7,425,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of Oceaneering International by 6.3% in 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 during the period. Stifel Financial Corp raised its holdings in shares of Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company's stock worth $1,715,000 after purchasing an additional 23,512 shares during the period. Jane Street Group LLC lifted its stake in shares of Oceaneering International by 5.4% in the 3rd quarter. Jane Street Group LLC now owns 130,145 shares of the oil and gas company's stock valued at $3,237,000 after purchasing an additional 6,630 shares in the last quarter. Barclays PLC grew its holdings in shares of Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. Finally, Geode Capital Management LLC increased its position in Oceaneering International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock worth $56,691,000 after purchasing an additional 26,328 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.
Oceaneering International Stock Down 0.6 %
Shares of Oceaneering International stock traded down $0.11 during trading hours on Wednesday, hitting $17.28. 788,252 shares of the company's stock traded hands, compared to its average volume of 861,013. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The stock has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $24.27. The company has a market cap of $1.75 billion, a PE ratio of 11.91 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 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on OII shares. StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Barclays decreased their price target on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. TD Cowen boosted their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of "Hold" and a consensus target price of $28.25.
Read Our Latest Analysis on OII
About Oceaneering International
(
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.
Read More
Before you consider Oceaneering International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oceaneering International wasn't on the list.
While Oceaneering International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
