Ameriprise Financial Inc. Has $6.78 Million Position in Oceaneering International, Inc. (NYSE:OII)

Ameriprise Financial Inc. lessened its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 10.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 259,958 shares of the oil and gas company’s stock after selling 29,118 shares during the period. Ameriprise Financial Inc. owned 0.26% of Oceaneering International worth $6,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Inspire Advisors LLC lifted its position in shares of Oceaneering International by 4.9% during the 4th quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 411 shares during the period. Oppenheimer Asset Management Inc. lifted its position 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 valued at $1,853,000 after acquiring an additional 446 shares during the period. LPL Financial LLC lifted its position in shares of Oceaneering International by 0.8% during 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 acquiring an additional 451 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Oceaneering International by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 584 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Oceaneering International by 0.6% during the 4th quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock valued at $3,090,000 after acquiring an additional 757 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Shares of OII stock opened at $18.98 on Friday. The firm has a market capitalization of $1.91 billion, a PE ratio of 13.18 and a beta of 1.54. The firm has a fifty day simple moving average of $19.08 and a two-hundred day simple moving average of $23.35. The company has a current ratio of 1.74, a quick ratio of 1.46 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 results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Oceaneering International’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on OII. Barclays dropped their target price on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.00.

About Oceaneering International

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.