Nuveen Asset Management LLC Trims Position in Oceaneering International, Inc. (NYSE:OII)

Nuveen Asset Management LLC decreased its position in shares of Oceaneering International, Inc. (NYSE:OII) by 14.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 552,021 shares of the oil and gas company’s stock after selling 92,679 shares during the period. Nuveen Asset Management LLC owned 0.55% of Oceaneering International worth $14,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of Oceaneering International during the fourth quarter valued at approximately $531,000. Old West Investment Management LLC purchased a new position in shares of Oceaneering International during the fourth quarter valued at approximately $1,565,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock valued at $33,869,000 after buying an additional 58,081 shares during the period. Barclays PLC lifted its stake in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after buying an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Oceaneering International by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after buying an additional 16,269 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OII. Barclays cut their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday. 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.com, Oceaneering International currently has a consensus rating of “Hold” and an average price target of $28.00.

Oceaneering International Price Performance

Oceaneering International stock opened at $19.00 on Monday. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The firm has a fifty day moving average of $19.04 and a 200-day moving average of $23.23. 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 quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.