Royal Bank of Canada Sells 24,643 Shares of Oceaneering International, Inc. (NYSE:OII)

Royal Bank of Canada lessened its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,321,767 shares of the oil and gas company's stock after selling 24,643 shares during the quarter. Royal Bank of Canada owned about 1.31% of Oceaneering International worth $34,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new position in Oceaneering International in the fourth quarter worth approximately $531,000. Old West Investment Management LLC acquired a new position in shares of Oceaneering International in the 4th quarter valued at $1,565,000. Charles Schwab Investment Management Inc. boosted its position in shares of Oceaneering International by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock valued at $33,869,000 after purchasing an additional 58,081 shares during the period. Barclays PLC raised its holdings in Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after buying an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Oceaneering International by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after buying an additional 16,269 shares during the period. Institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Down 0.6%

OII stock traded down $0.11 during trading hours on Wednesday, hitting $19.15. The company's stock had a trading volume of 65,000 shares, compared to its average volume of 850,819. The stock has a 50 day moving average price of $18.94 and a two-hundred day moving average price of $23.14. Oceaneering International, Inc. has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a market capitalization of $1.93 billion, a PE ratio of 13.32 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 earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OII. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Barclays cut 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 research 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.00.

Oceaneering International 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.