Oceaneering International, Inc. (NYSE:OII) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in Oceaneering International, Inc. (NYSE:OII) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 763,218 shares of the oil and gas company’s stock after selling 6,220 shares during the quarter. New York State Common Retirement Fund’s holdings in Oceaneering International were worth $16,241,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of OII. Exchange Traded Concepts LLC acquired a new position in Oceaneering International in the third quarter worth about $93,000. Meridian Management Co. acquired a new position in Oceaneering International in the third quarter worth about $206,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Oceaneering International in the third quarter worth about $206,000. OMERS ADMINISTRATION Corp acquired a new position in Oceaneering International in the third quarter valued at approximately $208,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Oceaneering International in the third quarter valued at approximately $249,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Benchmark restated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research note on Thursday. Barclays decreased their target price on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Finally, StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $24.90 on Monday. Oceaneering International, Inc. has a 12 month low of $14.99 and a 12 month high of $27.46. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 23.49 and a beta of 2.49. The stock’s 50 day moving average price is $22.54 and its 200 day moving average price is $21.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.50.

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 the consensus estimate of $0.30 by ($0.16). The company had revenue of $599.09 million during the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.54 earnings per share for the current fiscal year.

Oceaneering International 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.