Royal Bank of Canada Decreases Holdings in Oceaneering International, Inc. (NYSE:OII)

Royal Bank of Canada trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 1.31% of Oceaneering International worth $34,471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OII. Teacher Retirement System of Texas acquired a new position in shares of Oceaneering International during the fourth quarter valued at about $531,000. Old West Investment Management LLC acquired a new position in shares of Oceaneering International during the fourth quarter valued at about $1,565,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Oceaneering International by 4.7% during the fourth 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 position in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company's stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Oceaneering International by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company's stock worth $13,748,000 after purchasing an additional 16,269 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Stock Up 0.0%

NYSE OII traded up $0.01 on Monday, reaching $19.00. The company had a trading volume of 458,440 shares, compared to its average volume of 854,971. The stock has a market capitalization of $1.91 billion, a P/E ratio of 13.19 and a beta of 1.54. The company's fifty day moving average is $19.04 and its 200 day moving average is $23.23. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. 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 released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during 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%. Oceaneering International's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OII has been the topic of a number of research reports. Barclays lowered 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. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday. 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.