Janus Henderson Group PLC Trims Holdings in Oceaneering International, Inc. (NYSE:OII)

Janus Henderson Group PLC reduced its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the SEC. 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 about 0.74% of Oceaneering International worth $19,505,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OII. Gotham Asset Management LLC acquired a new stake in Oceaneering International during the fourth quarter worth approximately $664,000. Graham Capital Management L.P. bought a new stake in shares of Oceaneering International during the fourth quarter worth $795,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Oceaneering International during the fourth quarter worth $747,000. Deutsche Bank AG grew its stake in shares of 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 last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of 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 worth $597,000 after purchasing an additional 6,993 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays cut their price target on shares of 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. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Five equities 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, the company presently has an average rating of "Hold" and an average target price of $28.00.

Oceaneering International Stock Down 2.3%

Shares of OII traded down $0.45 on Wednesday, reaching $19.10. The company's stock had a trading volume of 76,441 shares, compared to its average volume of 857,365. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $19.14 and a 200-day moving average of $23.43. The stock has a market capitalization of $1.92 billion, a PE ratio of 13.26 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.