Los Angeles Capital Management LLC Sells 7,470 Shares of Oceaneering International, Inc. (NYSE:OII)

Los Angeles Capital Management LLC trimmed its holdings in Oceaneering International, Inc. (NYSE:OII) by 13.6% in the fourth quarter, Holdings Channel reports. The fund owned 47,348 shares of the oil and gas company’s stock after selling 7,470 shares during the period. Los Angeles Capital Management LLC’s holdings in Oceaneering International were worth $1,235,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OII. Captrust Financial Advisors grew its position in shares of Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 578 shares during the period. HighTower Advisors LLC lifted its stake in Oceaneering International by 6.3% in the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after buying an additional 687 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Oceaneering International by 0.6% in the fourth quarter. Empowered Funds LLC now owns 118,466 shares of the oil and gas company’s stock valued at $3,090,000 after buying an additional 757 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Oceaneering International by 12.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock worth $205,000 after acquiring an additional 840 shares in the last quarter. Finally, Keating Investment Counselors Inc. raised its holdings in shares of Oceaneering International by 0.3% during the fourth quarter. Keating Investment Counselors Inc. now owns 393,033 shares of the oil and gas company’s stock worth $10,250,000 after acquiring an additional 1,300 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Performance

OII opened at $22.09 on Friday. The business’s 50-day simple moving average is $25.42 and its 200 day simple moving average is $25.92. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm has a market capitalization of $2.45 billion, a PE ratio of 15.34 and a beta of 2.38.

Oceaneering International (NYSE:OII) last announced 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 company had revenue of $713.45 million for the quarter, compared to the consensus estimate 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 expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OII. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen increased their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oceaneering International currently has an average rating of “Hold” and an average target price of $29.25.

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.