Schroder Investment Management Group Trims Position in Oceaneering International, Inc. (NYSE:OII)

Schroder Investment Management Group lessened its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 87.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,057 shares of the oil and gas company's stock after selling 92,845 shares during the quarter. Schroder Investment Management Group's holdings in Oceaneering International were worth $335,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OII. Vanguard Group Inc. boosted its position in shares of Oceaneering International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after buying an additional 69,337 shares during the last quarter. State Street Corp boosted its holdings in Oceaneering International by 2.1% during the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company's stock worth $129,847,000 after acquiring an additional 107,394 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Oceaneering International by 14.3% in the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after acquiring an additional 355,290 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Oceaneering International by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company's stock valued at $56,691,000 after purchasing an additional 26,328 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after purchasing an additional 267,230 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

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Oceaneering International Stock Performance

NYSE:OII traded up $0.15 during trading hours on Monday, reaching $17.15. The stock had a trading volume of 22,901 shares, compared to its average volume of 853,014. The stock has a market cap of $1.73 billion, a P/E ratio of 11.81 and a beta of 1.94. The stock has a 50 day simple moving average of $21.42 and a 200 day simple moving average of $24.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research note on Friday, January 10th. TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays decreased their target price on 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. Finally, StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of "Hold" and an average price target of $28.25.

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.