PNC Financial Services Group Inc. Sells 3,334 Shares of Oceaneering International, Inc. (NYSE:OII)

PNC Financial Services Group Inc. lessened its position in Oceaneering International, Inc. (NYSE:OIIFree Report) by 20.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,856 shares of the oil and gas company’s stock after selling 3,334 shares during the period. PNC Financial Services Group Inc.’s holdings in Oceaneering International were worth $274,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OII. Neo Ivy Capital Management acquired a new position in Oceaneering International during the 4th quarter valued at about $44,000. Pineridge Advisors LLC purchased a new stake in shares of Oceaneering International in the fourth quarter valued at about $44,000. O Shaughnessy Asset Management LLC purchased a new stake in Oceaneering International in the 3rd quarter valued at about $249,000. Russell Investments Group Ltd. lifted its holdings in Oceaneering International by 14.4% during the fourth quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 1,961 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of Oceaneering International during the 4th quarter worth $409,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OII shares. Benchmark reiterated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, April 25th. Barclays reissued an “underweight” rating and issued a $21.00 price target (down from $22.00) on shares of Oceaneering International in a report on Tuesday, May 14th. Finally, StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Read Our Latest Analysis on OII

Oceaneering International Stock Performance

Shares of OII opened at $23.66 on Monday. Oceaneering International, Inc. has a 12-month low of $18.03 and a 12-month high of $27.46. The company has a current ratio of 1.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.40 billion, a PE ratio of 22.32 and a beta of 2.43. The stock has a 50-day moving average price of $22.81 and a 200-day moving average price of $22.00.

Oceaneering International (NYSE:OIIGet Free Report) last announced its 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 for 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%. As a group, equities analysts forecast that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

About Oceaneering International

(Free Report)

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.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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