Oceaneering International, Inc. (NYSE:OII) Position Cut by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its stake in Oceaneering International, Inc. (NYSE:OII) by 42.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,605 shares of the oil and gas company’s stock after selling 9,411 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Oceaneering International were worth $275,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OII. GAMMA Investing LLC grew its holdings in Oceaneering International by 29.7% during the first quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 711 shares during the period. Tower Research Capital LLC TRC grew its holdings in Oceaneering International by 191.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 2,131 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Oceaneering International during the fourth quarter worth about $119,000. New Age Alpha Advisors LLC acquired a new position in Oceaneering International during the fourth quarter worth about $156,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Oceaneering International in the 4th quarter worth about $200,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OII shares. Barclays dropped their price target on 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. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.00.

Oceaneering International Trading Up 1.0%

Shares of NYSE OII opened at $21.94 on Friday. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The firm has a market capitalization of $2.21 billion, a PE ratio of 12.33 and a beta of 1.48. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $21.61.

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, topping analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The firm had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. During the same period last year, the company posted $0.14 EPS. 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 earnings per share for the current fiscal 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.