Jane Street Group LLC Sells 109,285 Shares of Oceaneering International, Inc. (NYSE:OII)

Jane Street Group LLC lessened its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,860 shares of the oil and gas company's stock after selling 109,285 shares during the period. Jane Street Group LLC's holdings in Oceaneering International were worth $544,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Oceaneering International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after purchasing an additional 69,337 shares during the last quarter. American Century Companies Inc. grew 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. Greenhouse Funds LLLP increased its holdings in Oceaneering International by 10.0% during the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock valued at $70,150,000 after buying an additional 244,362 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings 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 last quarter. Finally, Franklin Resources Inc. raised its position in Oceaneering International by 5.8% in the fourth quarter. Franklin Resources Inc. now owns 2,039,875 shares of the oil and gas company's stock worth $53,200,000 after acquiring an additional 111,095 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

NYSE:OII traded down $0.24 during trading hours on Friday, hitting $19.09. 966,144 shares of the stock traded hands, compared to its average volume of 855,872. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 13.26 and a beta of 1.54. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The stock has a 50 day moving average price of $18.78 and a 200 day moving average price of $22.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million for 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%. Oceaneering International's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. Sell-side analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Barclays cut their price target 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.