Oceaneering International, Inc. (NYSE:OII) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 601,143 shares of the oil and gas company's stock after selling 32,393 shares during the quarter. Invesco Ltd. owned approximately 0.59% of Oceaneering International worth $15,678,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Oceaneering International during the 4th quarter valued at approximately $40,000. Smartleaf Asset Management LLC raised its position in Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 3,157 shares during the period. KBC Group NV lifted its holdings 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 valued at $136,000 after purchasing an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International during the fourth quarter worth about $156,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Oceaneering International during the 3rd quarter worth about $202,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 2.1 %

Oceaneering International stock traded down $0.38 during trading on Friday, reaching $17.54. 255,679 shares of the company were exchanged, compared to its average volume of 862,255. 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 stock's 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $24.16. The company has a market capitalization of $1.77 billion, a P/E ratio of 12.18 and a beta of 1.94. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly 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. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OII. Barclays lowered their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. TD Cowen boosted their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Citigroup cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.25.

Oceaneering International Company 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.