Oceaneering International (OII) Holdings Trimmed by Teachers Advisors LLC

Teachers Advisors LLC lowered its holdings in shares of Oceaneering International (NYSE:OII) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,284 shares of the oil and gas company’s stock after selling 34,168 shares during the period. Teachers Advisors LLC owned approximately 0.32% of Oceaneering International worth $6,707,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Oceaneering International by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,936,686 shares of the oil and gas company’s stock valued at $129,688,000 after acquiring an additional 731,348 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Oceaneering International by 23.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,009,622 shares of the oil and gas company’s stock worth $63,623,000 after buying an additional 572,951 shares in the last quarter. Majedie Asset Management Ltd raised its stake in shares of Oceaneering International by 69.7% in the 4th quarter. Majedie Asset Management Ltd now owns 1,799,717 shares of the oil and gas company’s stock worth $38,046,000 after buying an additional 738,968 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Oceaneering International by 33.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,665,297 shares of the oil and gas company’s stock worth $35,205,000 after buying an additional 420,875 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Oceaneering International by 11.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,568,651 shares of the oil and gas company’s stock worth $41,208,000 after buying an additional 158,533 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NYSE OII opened at $18.57 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.23 and a current ratio of 2.72. The firm has a market capitalization of $1,888.47, a P/E ratio of -265.29 and a beta of 1.39. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $28.21.

Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. The business had revenue of $484.20 million for the quarter, compared to analysts’ expectations of $435.90 million. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. research analysts expect that Oceaneering International will post -0.65 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Cowen set a $16.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Jefferies Group raised Oceaneering International from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $18.82 to $19.00 in a research note on Wednesday, March 14th. Barclays reissued an “equal weight” rating on shares of Oceaneering International in a research note on Tuesday, February 27th. Finally, Loop Capital dropped their price objective on Oceaneering International from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Oceaneering International has a consensus rating of “Hold” and an average target price of $21.97.

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Oceaneering International Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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