AQR Capital Management LLC Has $4.24 Million Stake in Oceaneering International, Inc. (NYSE:OII)

AQR Capital Management LLC lowered its stake in Oceaneering International, Inc. (NYSE:OII) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,500 shares of the oil and gas company’s stock after selling 18,156 shares during the period. AQR Capital Management LLC owned 0.16% of Oceaneering International worth $4,238,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OII. R Squared Ltd acquired a new stake in shares of Oceaneering International in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC raised its holdings 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 during the last quarter. Smartleaf Asset Management LLC lifted its position 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 valued at $104,000 after purchasing an additional 3,157 shares during the period. KBC Group NV boosted its stake 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 valued at $136,000 after purchasing an additional 2,192 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Oceaneering International during the 4th quarter worth approximately $156,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of OII opened at $19.02 on Friday. The stock has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $23.66. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. 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 firm has a market capitalization of $1.91 billion, a PE ratio of 13.21 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OII shares. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barclays lowered their price target on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, Citigroup cut 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.