LSV Asset Management lowered its holdings in shares of Oceaneering International (NYSE:OII) by 21.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 147,400 shares of the oil and gas company’s stock after selling 39,900 shares during the period. LSV Asset Management owned about 0.15% of Oceaneering International worth $2,732,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in OII. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Oceaneering International during the 4th quarter valued at about $112,000. State of Alaska Department of Revenue bought a new stake in shares of Oceaneering International during the 4th quarter valued at about $120,000. Alps Advisors Inc. purchased a new position in Oceaneering International during the 4th quarter valued at about $224,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Oceaneering International during the 1st quarter valued at about $227,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Oceaneering International by 869.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,918 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 10,689 shares during the period. 99.61% of the stock is currently owned by institutional investors.
Oceaneering International opened at $24.63 on Tuesday, Marketbeat Ratings reports. The firm has a market cap of $2.41 billion, a P/E ratio of -351.86 and a beta of 1.36. The company has a current ratio of 2.97, a quick ratio of 2.47 and a debt-to-equity ratio of 0.48. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $27.55.
Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.08). Oceaneering International had a net margin of 6.60% and a negative return on equity of 2.77%. The firm had revenue of $416.00 million during the quarter, compared to analysts’ expectations of $426.79 million. During the same period in the prior year, the company posted ($0.08) EPS. The company’s revenue was down 6.8% compared to the same quarter last year. equities research analysts predict that Oceaneering International will post -0.95 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on OII shares. Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Cowen set a $16.00 price target on shares of Oceaneering International and gave the company a “hold” rating in a research report on Wednesday, March 14th. Barclays set a $21.00 price target on shares of Oceaneering International and gave the company a “hold” rating in a research report on Monday, February 26th. Goldman Sachs raised shares of Oceaneering International from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Monday, May 14th. Finally, Jefferies Group raised shares of Oceaneering International from an “underperform” rating to a “hold” rating and lifted their price target for the company from $18.82 to $19.00 in a research report on Wednesday, March 14th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.93.
About Oceaneering International
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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