Oceaneering International, Inc. (NYSE:OII) Stock Position Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 60.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,771 shares of the oil and gas company’s stock after selling 36,355 shares during the quarter. BNP Paribas Financial Markets’ holdings in Oceaneering International were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC boosted its position 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 worth $231,000 after buying an additional 411 shares during the period. Oppenheimer Asset Management Inc. grew its position in Oceaneering International by 0.6% during the fourth 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 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. Summit Investment Advisors Inc. grew its position in Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock worth $276,000 after buying an additional 584 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Oceaneering International by 0.6% in 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 purchasing an additional 757 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

Shares of NYSE OII opened at $19.00 on Friday. The firm’s 50-day moving average price is $19.04 and its 200-day moving average price is $23.30. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The firm has a market capitalization of $1.91 billion, a P/E ratio of 13.19 and a beta of 1.54. 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 (NYSE:OII) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million for 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%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.