Nisa Investment Advisors LLC Lowers Stake in Oceaneering International, Inc. (NYSE:OII)

Nisa Investment Advisors LLC lowered its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,201 shares of the oil and gas company’s stock after selling 2,829 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Oceaneering International were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Oceaneering International by 29.7% in the 1st 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 last quarter. Tower Research Capital LLC TRC grew its holdings in Oceaneering International by 191.5% in the 4th 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Oceaneering International in the 4th quarter worth $119,000. New Age Alpha Advisors LLC bought a new stake in Oceaneering International in the 4th quarter worth $156,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Oceaneering International in the 4th quarter worth $200,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OII. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Barclays lowered their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

Oceaneering International Trading Down 0.8%

NYSE:OII opened at $20.48 on Thursday. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.58. The company’s 50-day simple moving average is $20.42 and its 200 day simple moving average is $21.55. The firm has a market capitalization of $2.06 billion, a P/E ratio of 11.51 and a beta of 1.48.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Oceaneering International’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Oceaneering International Company 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.