Oceaneering International, Inc. (NYSE:OII) Position Decreased by West Tower Group LLC

West Tower Group LLC decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the oil and gas company’s stock after selling 7,500 shares during the period. Oceaneering International makes up 1.6% of West Tower Group LLC’s portfolio, making the stock its 17th biggest holding. West Tower Group LLC’s holdings in Oceaneering International were worth $704,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Oceaneering International during the 4th quarter valued at about $40,000. Millburn Ridgefield Corp purchased a new position in shares of Oceaneering International in the third quarter worth approximately $57,000. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 3,157 shares in the last quarter. KBC Group NV increased its position in shares of Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 2,192 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Oceaneering International in the third quarter worth approximately $202,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

OII stock opened at $21.01 on Wednesday. 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 stock has a market cap of $2.11 billion, a P/E ratio of 14.59 and a beta of 2.42. The firm has a 50 day simple moving average of $23.94 and a 200 day simple moving average of $25.33. Oceaneering International, Inc. has a 52 week low of $18.87 and a 52 week high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly 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). The company had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on OII. Barclays dropped their target price on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. Finally, TD Cowen raised their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.25.

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.