Oceaneering International, Inc. (NYSE:OII) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 60.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,771 shares of the oil and gas company's stock after selling 36,355 shares during the period. BNP Paribas Financial Markets' holdings in Oceaneering International were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OII. Algert Global LLC grew its position in Oceaneering International by 177.3% in the fourth quarter. Algert Global LLC now owns 277,308 shares of the oil and gas company's stock valued at $7,232,000 after acquiring an additional 177,295 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of Oceaneering International in the fourth quarter valued at $367,000. Lido Advisors LLC boosted its stake in shares of Oceaneering International by 37.4% in the fourth quarter. Lido Advisors LLC now owns 11,397 shares of the oil and gas company's stock valued at $297,000 after purchasing an additional 3,101 shares during the period. Northern Trust Corp grew its holdings in Oceaneering International by 19.4% during the 4th quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company's stock valued at $32,102,000 after purchasing an additional 200,183 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in Oceaneering International during the 4th quarter worth $265,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on OII shares. Wall Street Zen cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, Barclays cut their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Up 1.3%

Shares of OII stock traded up $0.25 during trading hours on Tuesday, hitting $19.24. 588,252 shares of the company were exchanged, compared to its average volume of 853,904. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.36 and a beta of 1.54. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The business's 50-day simple moving average is $18.99 and its two-hundred day simple moving average is $23.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm 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%. Oceaneering International's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS 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.