Great Lakes Advisors LLC Sells 11,081 Shares of Oceaneering International, Inc. (NYSE:OII)

Great Lakes Advisors LLC reduced its position in shares of Oceaneering International, Inc. (NYSE:OII) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,683 shares of the oil and gas company’s stock after selling 11,081 shares during the period. Great Lakes Advisors LLC’s holdings in Oceaneering International were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OII. Fisher Asset Management LLC grew its holdings in shares of Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock worth $10,069,000 after purchasing an additional 253,705 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Oceaneering International by 12.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock worth $45,730,000 after purchasing an additional 206,458 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Oceaneering International by 11.2% during the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock worth $45,283,000 after purchasing an additional 175,434 shares during the last quarter. Barclays PLC grew its holdings in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after purchasing an additional 138,931 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Oceaneering International by 8.9% during the fourth quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock worth $40,906,000 after purchasing an additional 128,187 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Up 3.2 %

Oceaneering International stock opened at $20.18 on Friday. 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 capitalization of $2.03 billion, a PE ratio of 14.01 and a beta of 2.42. The firm’s fifty day moving average is $24.21 and its 200 day moving average is $25.44. Oceaneering International, Inc. has a 12-month low of $18.87 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Oceaneering International Company 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.