Ameriprise Financial Inc. Cuts Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Ameriprise Financial Inc. decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 about 0.26% of Oceaneering International worth $6,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Oceaneering International during the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its position in Oceaneering International by 191.5% during 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 purchasing an additional 2,131 shares during the period. Smartleaf Asset Management LLC lifted its position in Oceaneering International by 354.7% during 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 purchasing an additional 3,157 shares during the period. KBC Group NV lifted its position 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 valued at $136,000 after purchasing an additional 2,192 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Oceaneering International during the fourth quarter valued at approximately $156,000. Institutional investors own 93.93% of the company's stock.

Wall Street Analyst Weigh In

OII has been the topic of several recent research reports. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays decreased their price target on shares of 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 downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.00.

Oceaneering International Price Performance

Shares of NYSE OII traded down $0.05 during midday trading on Wednesday, reaching $19.22. The stock had a trading volume of 25,674 shares, compared to its average volume of 850,659. The stock has a 50-day moving average of $18.94 and a 200-day moving average of $23.14. 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 company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.34 and a beta of 1.54. 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, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal 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.