State of Tennessee Department of Treasury Has $642,000 Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

State of Tennessee Department of Treasury decreased its position in Oceaneering International, Inc. (NYSE:OII) by 21.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,618 shares of the oil and gas company’s stock after selling 6,665 shares during the period. State of Tennessee Department of Treasury’s holdings in Oceaneering International were worth $642,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter valued at about $40,000. Tower Research Capital LLC TRC increased its stake in Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 2,131 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 3,157 shares during the period. KBC Group NV lifted its stake in 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 valued at $136,000 after buying an additional 2,192 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Oceaneering International in the fourth quarter valued at approximately $156,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of NYSE OII opened at $19.05 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The business has a 50-day moving average of $19.38 and a 200-day moving average of $23.86. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.23 and a beta of 1.94. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

OII has been the topic of several research reports. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Friday, January 10th. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Barclays cut their target price on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. 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 research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Oceaneering International has an average rating of “Hold” and an average price target of $28.00.

About Oceaneering International

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.