Oceaneering International (OII) Shares Sold by California Public Employees Retirement System

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California Public Employees Retirement System reduced its stake in Oceaneering International (NYSE:OII) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 379,814 shares of the oil and gas company’s stock after selling 6,751 shares during the period. California Public Employees Retirement System owned 0.39% of Oceaneering International worth $7,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Personal Capital Advisors Corp lifted its stake in shares of Oceaneering International by 56.3% in the 1st quarter. Personal Capital Advisors Corp now owns 138,642 shares of the oil and gas company’s stock worth $2,570,000 after acquiring an additional 49,930 shares during the period. Teton Advisors Inc. acquired a new stake in shares of Oceaneering International in the 1st quarter worth approximately $547,000. Scout Investments Inc. raised its holdings in shares of Oceaneering International by 53.7% in the 1st quarter. Scout Investments Inc. now owns 562,666 shares of the oil and gas company’s stock worth $10,432,000 after purchasing an additional 196,656 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Oceaneering International by 1.5% in the 1st quarter. BlackRock Inc. now owns 8,531,346 shares of the oil and gas company’s stock worth $158,171,000 after purchasing an additional 129,972 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Oceaneering International by 0.5% in the 1st quarter. Northern Trust Corp now owns 854,454 shares of the oil and gas company’s stock worth $15,842,000 after purchasing an additional 3,928 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

A number of analysts recently commented on the stock. Barclays set a $21.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a report on Monday, February 26th. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Wells Fargo & Co upgraded shares of Oceaneering International from an “underperform” rating to a “market perform” rating and set a $17.00 target price on the stock in a report on Thursday, May 24th. ValuEngine upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Goldman Sachs Group upgraded shares of Oceaneering International from a “neutral” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.85.

OII stock opened at $23.46 on Friday. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $26.95. The company has a current ratio of 2.97, a quick ratio of 2.47 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.34 billion, a PE ratio of -335.14 and a beta of 1.38.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.08). Oceaneering International had a net margin of 6.60% and a negative return on equity of 2.77%. The firm had revenue of $416.00 million for the quarter, compared to analyst estimates of $426.79 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. equities research analysts anticipate that Oceaneering International will post -0.99 EPS for the current fiscal year.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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

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