Great Lakes Advisors LLC Has $1.22 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Great Lakes Advisors LLC decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,683 shares of the oil and gas company’s stock after selling 11,081 shares during the quarter. Great Lakes Advisors LLC’s holdings in Oceaneering International were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Oceaneering International during the fourth quarter worth $40,000. Millburn Ridgefield Corp acquired a new stake in shares of Oceaneering International during the third quarter worth $57,000. Smartleaf Asset Management LLC lifted its holdings in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 3,157 shares in the last quarter. KBC Group NV lifted its holdings in shares of 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 worth $136,000 after buying an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Oceaneering International during the third quarter worth $202,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Oceaneering International stock opened at $20.18 on Friday. Oceaneering International, Inc. has a 12-month low of $18.87 and a 12-month high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $24.21 and its two-hundred day moving average price is $25.44. The stock has a market cap of $2.03 billion, a PE ratio of 14.01 and a beta of 2.42.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OII shares. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, Barclays decreased their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company 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.