Oceaneering International, Inc. (NYSE:OII) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OII. Brown Advisory Inc. boosted its holdings in shares of Oceaneering International by 22.5% in the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock valued at $133,782,000 after buying an additional 941,849 shares in the last quarter. FIL Ltd acquired a new position in shares of Oceaneering International in the 4th quarter valued at $18,864,000. American Century Companies Inc. boosted its stake in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after purchasing an additional 355,290 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Oceaneering International during the 4th quarter worth $8,490,000. Finally, Loomis Sayles & Co. L P boosted its stake in Oceaneering International by 14.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock worth $54,925,000 after purchasing an additional 267,230 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

OII has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays decreased their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Oceaneering International Stock Performance

Shares of OII stock traded up $0.16 during mid-day trading on Friday, hitting $20.24. The stock had a trading volume of 619,940 shares, compared to its average volume of 843,380. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm has a market cap of $2.04 billion, a PE ratio of 14.06 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The company's 50-day simple moving average is $18.57 and its 200-day simple moving average is $22.65.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. During the same quarter last year, the business earned $0.14 EPS. The business's revenue was up 12.6% on a year-over-year basis. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

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.