JPMorgan Chase & Co. lowered its stake in Oceaneering International (NYSE:OII) by 17.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 216,878 shares of the oil and gas company’s stock after selling 45,339 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Oceaneering International worth $5,758,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in shares of Oceaneering International by 109.1% during the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after acquiring an additional 27,684 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Oceaneering International by 48.3% during the 2nd quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after acquiring an additional 14,270 shares during the period. Personal Capital Advisors Corp lifted its holdings in shares of Oceaneering International by 14.4% during the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after acquiring an additional 11,818 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Oceaneering International by 76.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock worth $5,193,000 after acquiring an additional 85,357 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Oceaneering International by 10.0% during the 2nd quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after acquiring an additional 38,535 shares during the period. Institutional investors and hedge funds own 99.69% of the company’s stock.
Several equities analysts recently commented on the stock. Royal Bank of Canada set a $22.00 price objective on shares of Oceaneering International and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Cowen set a $27.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a research note on Thursday. Jefferies Group downgraded shares of Oceaneering International from a “hold” rating to an “underperform” rating and set a $18.00 price target for the company. in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies downgraded shares of Oceaneering International from an “overweight” rating to a “neutral” rating in a research note on Friday, October 27th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. Oceaneering International presently has an average rating of “Hold” and an average price target of $24.10.
Shares of Oceaneering International (OII) opened at $22.44 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. The company has a market cap of $2,210.00, a price-to-earnings ratio of -118.11 and a beta of 1.62. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $29.53.
Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. equities analysts predict that Oceaneering International will post -0.09 EPS for the current fiscal year.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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