Oceaneering International, Inc. $OII Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lowered its holdings in shares of Oceaneering International, Inc. (NYSE:OIIFree Report) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,306 shares of the oil and gas company’s stock after selling 393,487 shares during the period. Aristotle Capital Boston LLC’s holdings in Oceaneering International were worth $10,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Oceaneering International by 23.1% during the fourth quarter. AQR Capital Management LLC now owns 372,749 shares of the oil and gas company’s stock worth $8,957,000 after acquiring an additional 69,837 shares during the last quarter. EFG International AG acquired a new position in Oceaneering International during the fourth quarter worth about $3,659,000. Trexquant Investment LP raised its position in Oceaneering International by 276.4% during the fourth quarter. Trexquant Investment LP now owns 112,759 shares of the oil and gas company’s stock worth $2,710,000 after acquiring an additional 82,805 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Oceaneering International by 8.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,308 shares of the oil and gas company’s stock worth $2,435,000 after acquiring an additional 8,260 shares during the last quarter. Finally, Tannin Capital LLC acquired a new position in Oceaneering International during the fourth quarter worth about $239,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OII. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research cut shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Barclays lifted their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup lifted their target price on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.67.

View Our Latest Research Report on OII

Oceaneering International Stock Performance

Shares of NYSE OII opened at $35.56 on Thursday. The company has a market cap of $3.55 billion, a PE ratio of 10.55 and a beta of 1.16. Oceaneering International, Inc. has a 12 month low of $20.21 and a 12 month high of $40.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. The company has a 50-day simple moving average of $37.82 and a 200-day simple moving average of $33.06.

Oceaneering International (NYSE:OIIGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.89 earnings per share for the current year.

About Oceaneering International

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International, Inc. (NYSE:OIIFree Report).

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

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.