The Manufacturers Life Insurance Company Sells 1,753 Shares of Oceaneering International, Inc. (NYSE:OII)

The Manufacturers Life Insurance Company lessened its position in Oceaneering International, Inc. (NYSE:OII) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,032 shares of the oil and gas company’s stock after selling 1,753 shares during the period. The Manufacturers Life Insurance Company’s holdings in Oceaneering International were worth $1,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Oceaneering International in the 4th quarter valued at about $531,000. Old West Investment Management LLC bought a new stake in shares of Oceaneering International in the 4th quarter valued at about $1,565,000. Charles Schwab Investment Management Inc. grew its position in shares of Oceaneering International by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock valued at $33,869,000 after buying an additional 58,081 shares during the last quarter. Barclays PLC grew its position in shares of Oceaneering International by 334.5% in the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after buying an additional 138,931 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Oceaneering International by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after buying an additional 16,269 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on OII. Barclays reduced their price target on 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 Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Finally, StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.00.

Oceaneering International Stock Up 4.1%

Shares of Oceaneering International stock opened at $19.85 on Tuesday. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The stock’s 50-day moving average is $19.09 and its 200 day moving average is $23.62. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 13.78 and a beta of 1.54.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.