Oceaneering International, Inc. (NYSE:OII) Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,426 shares of the oil and gas company’s stock after selling 1,078 shares during the quarter. Yousif Capital Management LLC’s holdings in Oceaneering International were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC purchased a new position in shares of Oceaneering International during the fourth quarter valued at $1,178,000. R Squared Ltd purchased a new position in Oceaneering International in the fourth quarter valued at about $40,000. SteelPeak Wealth LLC purchased a new position in Oceaneering International in the fourth quarter valued at about $305,000. KBC Group NV grew its stake in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Oceaneering International by 20.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,030 shares of the oil and gas company’s stock valued at $444,000 after purchasing an additional 2,869 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OII shares. TD Cowen boosted their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $29.25.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $25.42 on Friday. Oceaneering International, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $30.98. The business has a 50-day moving average of $25.88 and a two-hundred day moving average of $26.17. The stock has a market capitalization of $2.57 billion, a P/E ratio of 19.25 and a beta of 2.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46.

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.