Trexquant Investment LP Reduces Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Trexquant Investment LP decreased its position in Oceaneering International, Inc. (NYSE:OII - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,338 shares of the oil and gas company's stock after selling 18,832 shares during the quarter. Trexquant Investment LP owned approximately 0.07% of Oceaneering International worth $1,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Oceaneering International by 14.3% in the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after purchasing an additional 355,290 shares during the period. Loomis Sayles & Co. L P increased its holdings in Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after buying an additional 267,230 shares during the last quarter. JPMorgan Chase & Co. raised its position in Oceaneering International by 48.0% in the fourth quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company's stock worth $20,799,000 after acquiring an additional 258,588 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Oceaneering International by 191.7% during the 4th quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company's stock worth $10,069,000 after acquiring an additional 253,705 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Oceaneering International during the 4th quarter valued at $6,218,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

OII traded up $0.00 on Monday, hitting $17.00. 38,683 shares of the company's stock traded hands, compared to its average volume of 853,103. The company's 50 day simple moving average is $21.42 and its 200-day simple moving average is $24.66. 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, Inc. has a one year low of $15.46 and a one year high of $30.98. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.81 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $713.45 million during the quarter, compared to analysts' expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

OII has been the topic of a number of recent research reports. Barclays decreased their target price 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. StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Citigroup lowered shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.