Mitsubishi UFJ Asset Management Co. Ltd. Cuts Position in Oceaneering International, Inc. (NYSE:OII)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 15.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,523 shares of the oil and gas company’s stock after selling 11,817 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Oceaneering International were worth $1,742,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Oceaneering International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,240,577 shares of the oil and gas company’s stock worth $30,853,000 after acquiring an additional 15,678 shares in the last quarter. FMR LLC boosted its position in Oceaneering International by 1.3% during the 3rd quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after purchasing an additional 36,593 shares during the period. BNP Paribas Financial Markets increased its holdings in Oceaneering International by 74.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 60,126 shares of the oil and gas company’s stock valued at $1,495,000 after purchasing an additional 25,692 shares in the last quarter. Captrust Financial Advisors increased its holdings in Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 578 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Oceaneering International by 6.3% in the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 687 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Price Performance

OII opened at $22.27 on Wednesday. The company has a market capitalization of $2.24 billion, a P/E ratio of 15.47 and a beta of 2.42. The company has a 50-day moving average of $22.98 and a 200-day moving average of $25.19. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. Oceaneering International, Inc. has a 1-year low of $18.87 and a 1-year high of $30.98.

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 (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Equities analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on OII shares. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. TD Cowen raised their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Barclays dropped their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Oceaneering International has a consensus rating of “Hold” and a consensus price target of $28.25.

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.