Oceaneering International (NYSE:OII) Stake Decreased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lessened its position in shares of Oceaneering International (NYSE:OII) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,389 shares of the oil and gas company’s stock after selling 1,533 shares during the period. Great West Life Assurance Co. Can’s holdings in Oceaneering International were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of OII. JPMorgan Chase & Co. raised its holdings in shares of Oceaneering International by 117.9% in the third quarter. JPMorgan Chase & Co. now owns 273,818 shares of the oil and gas company’s stock worth $7,558,000 after acquiring an additional 148,157 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Oceaneering International by 11.1% in the fourth quarter. Bank of Montreal Can now owns 61,074 shares of the oil and gas company’s stock worth $739,000 after acquiring an additional 6,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oceaneering International by 21.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the oil and gas company’s stock worth $82,000 after acquiring an additional 1,189 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Oceaneering International by 1.1% in the fourth quarter. Arizona State Retirement System now owns 70,721 shares of the oil and gas company’s stock worth $856,000 after acquiring an additional 758 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Oceaneering International by 4.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,588 shares of the oil and gas company’s stock worth $201,000 after acquiring an additional 700 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Shares of NYSE:OII opened at $17.21 on Friday. The firm has a market capitalization of $1.61 billion, a PE ratio of -24.24 and a beta of 2.08. The company has a quick ratio of 2.03, a current ratio of 2.44 and a debt-to-equity ratio of 0.69. Oceaneering International has a 52 week low of $10.74 and a 52 week high of $28.62.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Monday, April 29th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.21. Oceaneering International had a negative return on equity of 3.64% and a negative net margin of 9.46%. The firm had revenue of $493.89 million during the quarter, compared to the consensus estimate of $466.33 million. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts anticipate that Oceaneering International will post -0.73 earnings per share for the current fiscal year.

OII has been the subject of a number of analyst reports. Societe Generale set a $17.00 price target on Oceaneering International and gave the stock a “hold” rating in a report on Friday, February 15th. Barclays raised Oceaneering International from an “equal weight” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Wednesday, February 20th. SunTrust Banks set a $19.00 price target on Oceaneering International and gave the stock a “hold” rating in a report on Tuesday, February 26th. Citigroup set a $17.00 price objective on Oceaneering International and gave the company a “hold” rating in a research report on Tuesday, February 26th. Finally, Cowen reaffirmed a “market perform” rating and issued a $16.00 price objective (down previously from $17.00) on shares of Oceaneering International in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.71.

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Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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