Oceaneering International, Inc. (NYSE:OII) Stake Reduced by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,397 shares of the oil and gas company’s stock after selling 10,503 shares during the period. Keeley Teton Advisors LLC’s holdings in Oceaneering International were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in OII. Inspire Advisors LLC boosted its holdings in Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company’s stock worth $231,000 after buying an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company’s stock worth $1,853,000 after acquiring an additional 446 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Oceaneering International by 0.8% during the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock worth $1,467,000 after acquiring an additional 451 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock worth $276,000 after acquiring an additional 584 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Oceaneering International by 6.3% during the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Price Performance

NYSE OII opened at $17.28 on Thursday. The company has a 50 day simple moving average of $20.95 and a 200-day simple moving average of $24.50. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 12.00 and a beta of 1.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last issued its earnings results 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). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Equities research analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OII has been the topic of a number of analyst reports. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. Barclays reduced their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. TD Cowen lifted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Oceaneering International has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International 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.