Nisa Investment Advisors LLC Increases Position in Oceaneering International, Inc. (NYSE:OII)

Nisa Investment Advisors LLC lifted its holdings in Oceaneering International, Inc. (NYSE:OII) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,030 shares of the oil and gas company’s stock after buying an additional 2,869 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Oceaneering International were worth $444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP grew its position in Oceaneering International by 215.7% in the 2nd quarter. Marshall Wace LLP now owns 128,350 shares of the oil and gas company’s stock valued at $3,037,000 after acquiring an additional 87,688 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Oceaneering International by 84.5% during the second quarter. Squarepoint Ops LLC now owns 197,579 shares of the oil and gas company’s stock valued at $4,675,000 after purchasing an additional 90,516 shares during the period. AQR Capital Management LLC grew its holdings in shares of Oceaneering International by 667.7% in the second quarter. AQR Capital Management LLC now owns 137,911 shares of the oil and gas company’s stock worth $3,263,000 after purchasing an additional 119,946 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Oceaneering International by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,693 shares of the oil and gas company’s stock worth $1,341,000 after buying an additional 2,657 shares during the period. Finally, Central Pacific Bank Trust Division lifted its holdings in Oceaneering International by 34.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 7,010 shares of the oil and gas company’s stock valued at $174,000 after buying an additional 1,800 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OII has been the topic of a number of research analyst reports. 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 increased their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Friday, January 10th. Finally, Benchmark restated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.25.

Oceaneering International Stock Down 0.8 %

Shares of NYSE OII opened at $25.43 on Wednesday. Oceaneering International, Inc. has a 12-month low of $19.68 and a 12-month high of $30.98. The stock’s fifty day simple moving average is $26.95 and its two-hundred day simple moving average is $26.33. The stock has a market capitalization of $2.57 billion, a PE ratio of 19.27 and a beta of 2.41. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68.

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.