Illinois Municipal Retirement Fund Sells 3,408 Shares of Oceaneering International, Inc. (NYSE:OII)

Illinois Municipal Retirement Fund trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 59,786 shares of the oil and gas company’s stock after selling 3,408 shares during the period. Illinois Municipal Retirement Fund’s holdings in Oceaneering International were worth $1,559,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OII. R Squared Ltd bought a new stake in shares of Oceaneering International in the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its position in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $57,000. KBC Group NV boosted its position in shares of Oceaneering International by 72.6% in the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $202,000. 93.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Oceaneering International Price Performance

Shares of OII opened at $22.09 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 15.34 and a beta of 2.38. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $25.42 and a two-hundred day simple moving average of $25.92. Oceaneering International, Inc. has a 1-year low of $19.68 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share 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 analysts’ expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

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.