F M Investments LLC Has $3.11 Million Stock Position in Oceaneering International, Inc. (NYSE:OII)

F M Investments LLC lowered its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 60.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,385 shares of the oil and gas company's stock after selling 180,423 shares during the quarter. F M Investments LLC owned 0.12% of Oceaneering International worth $3,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OII. R Squared Ltd purchased a new position in shares of Oceaneering International in the fourth quarter valued at $40,000. Smartleaf Asset Management LLC increased its stake in shares of 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 worth $104,000 after buying an additional 3,157 shares during the period. KBC Group NV increased its stake in shares of 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 valued at $136,000 after buying an additional 2,192 shares during the period. New Age Alpha Advisors LLC bought a new position in Oceaneering International in the 4th quarter worth $156,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Oceaneering International in the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Wall Street Analyst Weigh In

OII has been the topic of several analyst reports. Barclays lowered their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. TD Cowen upped their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Citigroup downgraded 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Oceaneering International presently has a consensus rating of "Hold" and an average price target of $28.25.

Oceaneering International Price Performance

NYSE OII traded up $0.44 during trading hours on Wednesday, reaching $17.39. The company's stock had a trading volume of 167,009 shares, compared to its average volume of 853,212. 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 stock has a market cap of $1.76 billion, a PE ratio of 12.08 and a beta of 1.94. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The company's 50-day moving average is $21.10 and its two-hundred day moving average is $24.55.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $681.60 million. Analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current 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.