Millennium Management LLC Sells 81,978 Shares of Oceaneering International, Inc. (NYSE:OII)

Millennium Management LLC lowered its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 64.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 45,900 shares of the oil and gas company's stock after selling 81,978 shares during the period. Millennium Management LLC's holdings in Oceaneering International were worth $1,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Oceaneering International by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,521 shares of the oil and gas company's stock valued at $1,500,000 after buying an additional 2,196 shares during the last quarter. Gotham Asset Management LLC bought a new position in Oceaneering International during the 4th quarter valued at $664,000. Graham Capital Management L.P. bought a new position in Oceaneering International during the 4th quarter valued at $795,000. D. E. Shaw & Co. Inc. purchased a new position in Oceaneering International during the 4th quarter worth $747,000. Finally, Deutsche Bank AG boosted its holdings in Oceaneering International by 45.1% during the 4th quarter. Deutsche Bank AG now owns 89,923 shares of the oil and gas company's stock worth $2,345,000 after acquiring an additional 27,938 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Stock Performance

Shares of NYSE:OII traded up $0.16 during midday trading on Friday, reaching $20.24. The company had a trading volume of 619,940 shares, compared to its average volume of 841,855. The stock has a market cap of $2.04 billion, a P/E ratio of 14.06 and a beta of 1.48. The company's 50 day moving average price is $18.62 and its 200 day moving average price is $22.78. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

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. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OII shares. Barclays lowered their target price on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.