Ameriprise Financial Inc. Sells 29,118 Shares of Oceaneering International, Inc. (NYSE:OII)

Ameriprise Financial Inc. trimmed its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,958 shares of the oil and gas company's stock after selling 29,118 shares during the period. Ameriprise Financial Inc. owned approximately 0.26% of Oceaneering International worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OII. FIL Ltd acquired a new position in Oceaneering International during the fourth quarter valued at $18,864,000. American Century Companies Inc. raised its position in Oceaneering International by 14.3% during the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock valued at $74,112,000 after buying an additional 355,290 shares during the period. Loomis Sayles & Co. L P raised its position in 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 buying an additional 267,230 shares during the period. JPMorgan Chase & Co. raised its position in Oceaneering International by 48.0% during the fourth quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company's stock valued at $20,799,000 after buying an additional 258,588 shares during the period. Finally, Fisher Asset Management LLC raised its position in Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company's stock valued at $10,069,000 after buying an additional 253,705 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Up 0.0%

Shares of NYSE OII traded up $0.01 during mid-day trading on Friday, reaching $19.00. 458,440 shares of the company traded hands, compared to its average volume of 854,971. 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 $1.91 billion, a PE ratio of 13.19 and a beta of 1.54. The company's fifty day moving average is $19.04 and its two-hundred day moving average is $23.26. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued 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 business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays dropped their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Oceaneering International has an average rating of "Hold" and an average target price of $28.00.

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.