Mackenzie Financial Corp Trims Stake in Oceaneering International, Inc. (NYSE:OII)

Mackenzie Financial Corp decreased its position in shares of Oceaneering International, Inc. (NYSE:OII) by 34.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,576 shares of the oil and gas company’s stock after selling 7,535 shares during the period. Mackenzie Financial Corp’s holdings in Oceaneering International were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Oceaneering International by 18.9% in the 3rd quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock valued at $114,134,000 after purchasing an additional 705,534 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Oceaneering International by 79.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,660,361 shares of the oil and gas company’s stock worth $42,704,000 after acquiring an additional 734,518 shares in the last quarter. American Century Companies Inc. increased its holdings in Oceaneering International by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 1,292,868 shares of the oil and gas company’s stock worth $33,253,000 after acquiring an additional 95,231 shares in the last quarter. Invesco Ltd. lifted its holdings in Oceaneering International by 27.0% during the third quarter. Invesco Ltd. now owns 1,202,565 shares of the oil and gas company’s stock valued at $30,930,000 after purchasing an additional 256,036 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Oceaneering International in the third quarter valued at about $30,757,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OII. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday. Barclays reduced their target price on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. Finally, Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Thursday.

Oceaneering International Stock Up 1.4 %

Shares of NYSE OII opened at $24.90 on Friday. The stock has a market cap of $2.52 billion, a PE ratio of 23.49 and a beta of 2.49. The company has a current ratio of 1.76, a quick ratio of 1.50 and a debt-to-equity ratio of 0.76. Oceaneering International, Inc. has a 12-month low of $14.99 and a 12-month high of $27.46. The company has a 50-day moving average of $22.54 and a 200 day moving average of $21.78.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. The company had revenue of $599.09 million during the quarter, compared to analysts’ expectations of $613.58 million. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

About Oceaneering International

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.