Fisher Asset Management LLC Lowers Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Fisher Asset Management LLC lowered its holdings in Oceaneering International, Inc. (NYSE:OII) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,150 shares of the oil and gas company’s stock after selling 6,248 shares during the period. Fisher Asset Management LLC’s holdings in Oceaneering International were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Natixis Advisors L.P. grew its position in shares of Oceaneering International by 2.0% in the third quarter. Natixis Advisors L.P. now owns 33,859 shares of the oil and gas company’s stock valued at $871,000 after purchasing an additional 659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Oceaneering International by 3.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 824 shares during the period. Russell Investments Group Ltd. boosted its holdings in Oceaneering International by 14.4% in the fourth quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company’s stock valued at $331,000 after acquiring an additional 1,961 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Oceaneering International in the fourth quarter valued at $44,000. Finally, Pineridge Advisors LLC acquired a new position in Oceaneering International in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 1.4 %

Shares of OII opened at $22.02 on Friday. The stock’s 50-day moving average is $22.79 and its two-hundred day moving average is $21.85. The stock has a market cap of $2.23 billion, a PE ratio of 20.77 and a beta of 2.43. Oceaneering International, Inc. has a 12 month low of $16.80 and a 12 month high of $27.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.45.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Oceaneering International had a return on equity of 14.82% and a net margin of 4.36%. The company had revenue of $599.09 million for the quarter, compared to analyst estimates of $613.58 million. Equities analysts forecast that Oceaneering International, Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OII has been the topic of a number of research analyst reports. Barclays reiterated an “underweight” rating and issued a $21.00 target price (down previously from $22.00) on shares of Oceaneering International in a report on Tuesday, May 14th. Benchmark reiterated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a report on Thursday, April 25th. Finally, StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

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.