Cerity Partners LLC Has $276,000 Stake in Oceaneering International, Inc. (NYSE:OII)

Cerity Partners LLC reduced its stake in Oceaneering International, Inc. (NYSE:OII) by 33.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,064 shares of the oil and gas company’s stock after selling 5,494 shares during the quarter. Cerity Partners LLC’s holdings in Oceaneering International were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Advisors LLC increased its holdings in Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock worth $231,000 after buying an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Oceaneering International by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock valued at $1,853,000 after acquiring an additional 446 shares in the last quarter. LPL Financial LLC grew its position in Oceaneering International by 0.8% during the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock worth $1,467,000 after buying an additional 451 shares in the last quarter. Empowered Funds LLC raised its stake in Oceaneering International by 0.6% in the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock valued at $3,090,000 after purchasing an additional 757 shares in the last quarter. Finally, Atria Investments Inc raised its position in Oceaneering International by 4.2% during the fourth quarter. Atria Investments Inc now owns 20,172 shares of the oil and gas company’s stock valued at $526,000 after purchasing an additional 814 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Trading Down 0.6 %

Shares of Oceaneering International stock opened at $17.27 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The stock has a market capitalization of $1.75 billion, a PE ratio of 11.99 and a beta of 1.94. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The company’s fifty day simple moving average is $20.17 and its 200-day simple moving average is $24.22.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OII shares. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Citigroup cut 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. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. TD Cowen upped their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.25.

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.