Ameriprise Financial Inc. Sells 29,118 Shares of Oceaneering International, Inc. (NYSE:OII)

Ameriprise Financial Inc. decreased its position in Oceaneering International, Inc. (NYSE:OII) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 259,958 shares of the oil and gas company’s stock after selling 29,118 shares during the quarter. Ameriprise Financial Inc.’s holdings in Oceaneering International were worth $6,780,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OII. Barclays PLC grew its stake 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 worth $4,489,000 after acquiring an additional 138,931 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Oceaneering International by 13.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 854,749 shares of the oil and gas company’s stock worth $22,292,000 after acquiring an additional 102,750 shares in the last quarter. Sheets Smith Wealth Management bought a new position in Oceaneering International during the fourth quarter valued at about $522,000. Nisa Investment Advisors LLC grew its position in Oceaneering International by 20.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,030 shares of the oil and gas company’s stock valued at $444,000 after buying an additional 2,869 shares during the period. Finally, KBC Group NV grew its position in Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares during the period. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Barclays reduced their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Oceaneering International currently has an average rating of “Hold” and an average target price of $28.00.

Oceaneering International Price Performance

OII opened at $18.98 on Friday. The firm has a market cap of $1.91 billion, a P/E ratio of 13.18 and a beta of 1.54. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm has a 50-day moving average of $19.08 and a 200 day moving average of $23.35.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, research analysts expect 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.