Oceaneering International, Inc. $OII Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,926,047 shares of the oil and gas company’s stock after selling 142,665 shares during the period. Loomis Sayles & Co. L P owned 1.92% of Oceaneering International worth $39,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OII. American Century Companies Inc. increased its stake in shares of Oceaneering International by 8.2% in the second quarter. American Century Companies Inc. now owns 3,370,206 shares of the oil and gas company’s stock valued at $69,831,000 after purchasing an additional 256,628 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Oceaneering International by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,331,297 shares of the oil and gas company’s stock worth $29,036,000 after buying an additional 32,639 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Oceaneering International by 15.2% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,134,244 shares of the oil and gas company’s stock worth $23,502,000 after buying an additional 149,702 shares in the last quarter. Nuveen LLC acquired a new stake in Oceaneering International in the 1st quarter valued at approximately $11,993,000. Finally, Boston Trust Walden Corp acquired a new stake in Oceaneering International in the 2nd quarter valued at approximately $10,901,000. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OII. Citigroup boosted their price target on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen increased their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Oceaneering International currently has an average rating of “Hold” and a consensus target price of $25.00.

Oceaneering International Trading Down 0.2%

Shares of Oceaneering International stock opened at $24.40 on Friday. The business has a fifty day simple moving average of $23.81 and a 200-day simple moving average of $22.49. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 10.66 and a beta of 1.55. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.42 by $0.13. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The firm had revenue of $742.90 million for the quarter, compared to analysts’ expectations of $709.48 million. During the same period in the previous year, the business earned $0.36 earnings per share. Oceaneering International’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

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.