WINTON GROUP Ltd Sells 2,741 Shares of Oceaneering International, Inc. (NYSE:OII)

WINTON GROUP Ltd cut its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,458 shares of the oil and gas company’s stock after selling 2,741 shares during the period. WINTON GROUP Ltd’s holdings in Oceaneering International were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Oceaneering International in the 4th quarter worth approximately $40,000. Millburn Ridgefield Corp purchased a new stake in shares of Oceaneering International in the third quarter worth $57,000. Smartleaf Asset Management LLC boosted its stake in Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 3,157 shares during the period. KBC Group NV grew its position in Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,192 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Oceaneering International by 12.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 840 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Down 1.7 %

Shares of NYSE OII opened at $21.60 on Friday. The firm’s fifty day moving average is $23.18 and its 200 day moving average is $25.18. Oceaneering International, Inc. has a 52 week low of $18.87 and a 52 week high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 15.00 and a beta of 2.42.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

OII has been the topic of several research analyst reports. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays lowered their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. TD Cowen upped their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.25.

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.