Sei Investments Co. cut its position in shares of Oceaneering International, Inc. (NYSE:OII) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,834 shares of the oil and gas company’s stock after selling 3,326 shares during the period. Sei Investments Co. owned 0.06% of Oceaneering International worth $1,520,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OII. BNP Paribas Arbitrage SA lifted its holdings in Oceaneering International by 76.0% during the third quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock valued at $5,193,000 after purchasing an additional 85,357 shares in the last quarter. World Asset Management Inc purchased a new position in Oceaneering International during the third quarter valued at $201,000. Principal Financial Group Inc. lifted its holdings in Oceaneering International by 1.1% during the third quarter. Principal Financial Group Inc. now owns 473,082 shares of the oil and gas company’s stock valued at $12,428,000 after purchasing an additional 5,052 shares in the last quarter. Boston Partners purchased a new position in Oceaneering International during the third quarter valued at $4,755,000. Finally, Isthmus Partners LLC lifted its holdings in Oceaneering International by 2.1% during the third quarter. Isthmus Partners LLC now owns 211,802 shares of the oil and gas company’s stock valued at $5,564,000 after purchasing an additional 4,431 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Paul B. Murphy, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total transaction of $52,680.00. Following the completion of the sale, the director now directly owns 16,600 shares in the company, valued at $437,244. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

Several research firms have issued reports on OII. ValuEngine downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. BidaskClub downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Cowen set a $21.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a report on Sunday, October 29th. Loop Capital decreased their price objective on shares of Oceaneering International from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, October 27th. Finally, Jefferies Group set a $18.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a report on Sunday, October 29th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.84.

Shares of Oceaneering International, Inc. (OII) traded down $0.87 during midday trading on Wednesday, hitting $19.27. 845,600 shares of the stock were exchanged, compared to its average volume of 1,383,644. The firm has a market capitalization of $1,979.34, a PE ratio of 671.33 and a beta of 1.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International, Inc. has a 1-year low of $17.11 and a 1-year high of $32.12.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. Oceaneering International’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. equities research analysts expect that Oceaneering International, Inc. will post -0.09 earnings per share 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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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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