Oceaneering International, Inc. (NYSE:OII) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC cut its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,223,129 shares of the oil and gas company's stock after selling 179,811 shares during the period. Aristotle Capital Boston LLC owned about 1.21% of Oceaneering International worth $31,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OII. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter valued at $40,000. Tower Research Capital LLC TRC lifted its holdings in Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 2,131 shares during the period. Smartleaf Asset Management LLC increased its holdings in Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock valued at $104,000 after buying an additional 3,157 shares in the last quarter. KBC Group NV raised its holdings in Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock worth $136,000 after purchasing an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Oceaneering International in the 4th quarter valued at about $156,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Up 1.6 %

Shares of NYSE OII traded up $0.30 during midday trading on Tuesday, reaching $18.65. 677,775 shares of the company's stock were exchanged, compared to its average volume of 862,939. The stock has a market capitalization of $1.88 billion, a PE ratio of 12.95 and a beta of 1.54. 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 business's fifty day moving average price is $19.30 and its two-hundred day moving average price is $23.81. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

OII has been the subject of several recent analyst reports. Citigroup cut shares of 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. Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. TD Cowen raised their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.00.

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.