Natixis Advisors LLC Cuts Stake in Oceaneering International, Inc. (NYSE:OII)

Natixis Advisors LLC reduced its stake in Oceaneering International, Inc. (NYSE:OII) by 11.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 33,542 shares of the oil and gas company’s stock after selling 4,386 shares during the quarter. Natixis Advisors LLC’s holdings in Oceaneering International were worth $732,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OII. Brown Advisory Inc. increased its position in shares of Oceaneering International by 27.6% in the first quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company’s stock worth $142,767,000 after purchasing an additional 1,416,251 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Oceaneering International in the fourth quarter worth approximately $8,490,000. Greenhouse Funds LLLP increased its position in shares of Oceaneering International by 10.0% in the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company’s stock worth $70,150,000 after purchasing an additional 244,362 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Oceaneering International in the first quarter worth approximately $5,039,000. Finally, Northern Trust Corp increased its position in shares of Oceaneering International by 19.4% in the fourth quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company’s stock worth $32,102,000 after purchasing an additional 200,183 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Down 0.4%

OII stock opened at $21.35 on Monday. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.14 billion, a P/E ratio of 10.78 and a beta of 1.55. The business’s 50-day moving average price is $21.27 and its 200-day moving average price is $20.90.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $698.16 million for the quarter, compared to analysts’ expectations of $676.81 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

OII has been the subject of several research reports. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays increased their price objective on Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.25.

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.