New York State Common Retirement Fund Sells 468,437 Shares of Oceaneering International, Inc. (NYSE:OII)

New York State Common Retirement Fund lowered its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 28.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,170,430 shares of the oil and gas company’s stock after selling 468,437 shares during the period. New York State Common Retirement Fund owned about 1.16% of Oceaneering International worth $30,525,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OII. Congress Asset Management Co. bought a new position in shares of Oceaneering International during the 3rd quarter valued at $38,819,000. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Oceaneering International during the 3rd quarter valued at $6,106,000. Loomis Sayles & Co. L P grew its holdings in shares of Oceaneering International by 12.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after purchasing an additional 206,458 shares during the last quarter. Barclays PLC grew its holdings in shares of Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $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 4th quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock valued at $40,906,000 after purchasing an additional 128,187 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Down 4.1 %

NYSE:OII opened at $24.16 on Friday. The company has a 50-day moving average price of $25.75 and a 200-day moving average price of $26.07. Oceaneering International, Inc. has a 12 month low of $19.68 and a 12 month high of $30.98. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 18.30 and a beta of 2.38.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The company had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. Equities analysts predict that Oceaneering International, Inc. will post 1.37 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on OII shares. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Citigroup lowered shares of 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. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Finally, Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.25.

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.