Janus Henderson Group PLC Sells 196,621 Shares of Oceaneering International, Inc. (NYSE:OII)

Janus Henderson Group PLC reduced its stake in shares of Oceaneering International, Inc. (NYSE:OII - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 747,875 shares of the oil and gas company's stock after selling 196,621 shares during the period. Janus Henderson Group PLC owned 0.74% of Oceaneering International worth $19,505,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OII. Gotham Asset Management LLC bought a new position in shares of Oceaneering International in the 4th quarter worth about $664,000. Graham Capital Management L.P. bought a new position in Oceaneering International during the fourth quarter worth $795,000. D. E. Shaw & Co. Inc. acquired a new stake in Oceaneering International in the fourth quarter worth $747,000. Deutsche Bank AG grew its holdings in Oceaneering International by 45.1% in the fourth quarter. Deutsche Bank AG now owns 89,923 shares of the oil and gas company's stock worth $2,345,000 after purchasing an additional 27,938 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Oceaneering International by 44.0% in the fourth quarter. EP Wealth Advisors LLC now owns 22,889 shares of the oil and gas company's stock valued at $597,000 after purchasing an additional 6,993 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Oceaneering International Price Performance

Shares of OII traded up $0.10 during mid-day trading on Monday, reaching $19.74. 710,921 shares of the stock traded hands, compared to its average volume of 862,098. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 13.71 and a beta of 1.54. Oceaneering International, Inc. has a 1 year low of $15.46 and a 1 year high of $30.98. The firm has a fifty day moving average price of $19.14 and a 200 day moving average price of $23.49. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII - Get Free Report) last released its 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. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $674.52 million for the quarter, compared to analysts' expectations of $651.96 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm's revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OII shares. StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays reduced their price objective on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Oceaneering International currently has a consensus 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.