Bank of New York Mellon Corp Has $14.24 Million Position in Oceaneering International, Inc. (NYSE:OII)

Bank of New York Mellon Corp decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 68.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 652,692 shares of the oil and gas company's stock after selling 1,399,484 shares during the quarter. Bank of New York Mellon Corp owned about 0.65% of Oceaneering International worth $14,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after buying an additional 711 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after buying an additional 2,131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Oceaneering International in the 4th quarter worth about $119,000. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International in the 4th quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Oceaneering International in the 4th quarter worth about $200,000. 93.93% of the stock is owned by institutional investors.

Oceaneering International Stock Up 1.5%

NYSE OII traded up $0.32 on Monday, hitting $20.79. 929,902 shares of the stock were exchanged, compared to its average volume of 844,246. The company has a market cap of $2.09 billion, a PE ratio of 11.68 and a beta of 1.48. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The company has a 50-day moving average price of $20.48 and a 200-day moving average price of $21.40.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The business'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. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on OII. Barclays lowered their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International 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.