Invesco Ltd. Sells 32,393 Shares of Oceaneering International, Inc. (NYSE:OII)

Invesco Ltd. lessened its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 601,143 shares of the oil and gas company’s stock after selling 32,393 shares during the quarter. Invesco Ltd. owned approximately 0.59% of Oceaneering International worth $15,678,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Inspire Advisors LLC increased its holdings in shares of Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after buying an additional 446 shares during the period. LPL Financial LLC grew its stake in Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock valued at $1,467,000 after buying an additional 451 shares during the last quarter. HighTower Advisors LLC raised its holdings in Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 687 shares during the period. Finally, Empowered Funds LLC lifted its position in Oceaneering International by 0.6% during the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock worth $3,090,000 after acquiring an additional 757 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Up 3.5 %

Shares of Oceaneering International stock opened at $17.87 on Monday. The firm’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $24.38. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.41 and a beta of 1.94. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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 firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. On average, analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Barclays reduced their target price on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Friday, January 10th. TD Cowen boosted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.