New York State Common Retirement Fund Decreases Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

New York State Common Retirement Fund trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 28.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,170,430 shares of the oil and gas company's stock after selling 468,437 shares during the quarter. New York State Common Retirement Fund owned approximately 1.16% of Oceaneering International worth $30,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake 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 worth $380,000 after buying an additional 578 shares during the last quarter. 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 acquiring an additional 687 shares in the last quarter. Empowered Funds LLC raised its position in shares of Oceaneering International by 0.6% in the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company's stock worth $3,090,000 after acquiring an additional 757 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Oceaneering International by 12.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company's stock valued at $205,000 after purchasing an additional 840 shares during the period. Finally, Keating Investment Counselors Inc. boosted its position in shares of Oceaneering International by 0.3% during the 4th quarter. Keating Investment Counselors Inc. now owns 393,033 shares of the oil and gas company's stock valued at $10,250,000 after purchasing an additional 1,300 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OII. TD Cowen lifted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Citigroup cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a report on Friday, January 10th. Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. Benchmark restated a "buy" rating and issued a $34.00 target price on shares of Oceaneering International in a research note on Friday, October 25th. Finally, Barclays raised Oceaneering International from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.25.

Oceaneering International Stock Down 6.8 %

Shares of Oceaneering International stock traded down $1.64 during trading hours on Friday, reaching $22.52. The company's stock had a trading volume of 1,239,197 shares, compared to its average volume of 723,950. The company has a market capitalization of $2.28 billion, a P/E ratio of 15.64 and a beta of 2.38. The stock's fifty day simple moving average is $25.75 and its two-hundred day simple moving average is $26.07. Oceaneering International, Inc. has a one year low of $19.68 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.66%. On average, research analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Oceaneering International Company 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.