Oceaneering International (NYSE:OII) Downgraded by Wall Street Zen to “Hold”

Oceaneering International (NYSE:OII) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts have also issued reports about the company. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays increased their price target on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. Finally, TD Cowen increased their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

Oceaneering International Stock Performance

NYSE:OII opened at $32.19 on Friday. The company’s 50-day moving average is $26.81 and its two-hundred day moving average is $24.66. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $32.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.06 and a beta of 1.26.

Insider Transactions at Oceaneering International

In other Oceaneering International news, SVP Jennifer Fremont Simons sold 29,155 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $26.35, for a total value of $768,234.25. Following the completion of the transaction, the senior vice president owned 52,344 shares of the company’s stock, valued at $1,379,264.40. This trade represents a 35.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Oceaneering International

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Oceaneering International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after purchasing an additional 187,707 shares during the period. Brown Advisory Inc. grew its position in shares of Oceaneering International by 12.2% during the second quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock worth $152,202,000 after buying an additional 799,718 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Oceaneering International by 8.1% during the third quarter. American Century Companies Inc. now owns 3,642,873 shares of the oil and gas company’s stock worth $90,270,000 after buying an additional 272,667 shares during the period. Dimensional Fund Advisors LP raised its holdings in Oceaneering International by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 3,285,951 shares of the oil and gas company’s stock valued at $81,429,000 after acquiring an additional 98,333 shares in the last quarter. Finally, Greenhouse Funds LLLP lifted its stake in Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock worth $51,630,000 after acquiring an additional 223,724 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.