Nuveen Asset Management LLC Sells 92,679 Shares of Oceaneering International, Inc. (NYSE:OII)

Nuveen Asset Management LLC reduced its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 552,021 shares of the oil and gas company's stock after selling 92,679 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.55% of Oceaneering International worth $14,397,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OII. R Squared Ltd acquired a new position in Oceaneering International during the fourth quarter worth $40,000. Tower Research Capital LLC TRC lifted its position in shares of Oceaneering International by 191.5% in 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 acquiring an additional 2,131 shares during the period. Smartleaf Asset Management LLC increased its holdings in Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock valued at $104,000 after buying an additional 3,157 shares during the period. KBC Group NV lifted its stake 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 worth $136,000 after purchasing an additional 2,192 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Oceaneering International in the fourth quarter valued at $156,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on OII. 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. Wall Street Zen cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Down 1.3%

Shares of NYSE:OII traded down $0.26 during midday trading on Friday, hitting $19.07. The stock had a trading volume of 53,201 shares, compared to its average volume of 902,203. The business's 50-day simple moving average is $18.84 and its 200-day simple moving average is $23.05. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a market cap of $1.92 billion, a P/E ratio of 13.24 and a beta of 1.54. 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 posted its quarterly 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 business had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. On average, sell-side analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal 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.