Strs Ohio Reduces Stake in Oceaneering International, Inc. (NYSE:OII)

Strs Ohio lessened its stake in Oceaneering International, Inc. (NYSE:OII) by 15.2% during the 4th quarter, HoldingsChannel reports. The firm owned 17,900 shares of the oil and gas company’s stock after selling 3,200 shares during the quarter. Strs Ohio’s holdings in Oceaneering International were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC boosted its position in 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 worth $114,134,000 after purchasing an additional 705,534 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 purchasing an additional 734,518 shares in the last quarter. American Century Companies Inc. boosted its position 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 purchasing an additional 95,231 shares in the last quarter. Invesco Ltd. boosted its position in Oceaneering International by 27.0% in the 3rd quarter. Invesco Ltd. now owns 1,202,565 shares of the oil and gas company’s stock worth $30,930,000 after purchasing an additional 256,036 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Oceaneering International in the 3rd quarter worth approximately $30,757,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 1.4 %

Shares of OII stock opened at $24.90 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.50. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 23.49 and a beta of 2.49. The stock has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $21.75. Oceaneering International, Inc. has a 1-year low of $14.99 and a 1-year high of $27.46.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. The firm had revenue of $599.09 million during the quarter, compared to analyst estimates of $613.58 million. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Thursday. Finally, 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 research note on Thursday, February 29th.

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.