Nikko Asset Management Americas Inc. Has $445,000 Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Nikko Asset Management Americas Inc. lowered its position in shares of Oceaneering International, Inc. (NYSE:OII) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,047 shares of the oil and gas company’s stock after selling 7,248 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Oceaneering International were worth $445,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OII. Fisher Asset Management LLC grew its holdings in shares of Oceaneering International by 191.7% in the 4th quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock valued at $10,069,000 after buying an additional 253,705 shares during the period. Loomis Sayles & Co. L P grew its stake in Oceaneering International by 12.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after acquiring an additional 206,458 shares during the period. Congress Asset Management Co. increased its holdings in shares of Oceaneering International by 11.2% in the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock worth $45,283,000 after acquiring an additional 175,434 shares in the last quarter. Barclays PLC raised its position in shares of Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after purchasing an additional 138,931 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Oceaneering International by 8.9% during the 4th quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock valued at $40,906,000 after purchasing an additional 128,187 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on OII. TD Cowen increased their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Barclays lowered their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Finally, Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average price target of $28.25.

Oceaneering International Stock Performance

Shares of OII opened at $20.62 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 12 month low of $18.87 and a 12 month high of $30.98. The firm has a fifty day simple moving average of $24.07 and a 200 day simple moving average of $25.38. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.32 and a beta of 2.42.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Research 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.