New York State Teachers Retirement System Has $4.71 Million Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

New York State Teachers Retirement System trimmed its position in Oceaneering International, Inc. (NYSE:OII) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,762 shares of the oil and gas company’s stock after selling 4,000 shares during the quarter. New York State Teachers Retirement System owned approximately 0.18% of Oceaneering International worth $4,714,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Oceaneering International during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its position in shares of Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Oceaneering International in the third quarter valued at about $57,000. KBC Group NV raised its position 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 during the last quarter. Finally, CWM LLC increased its stake in shares of Oceaneering International by 165.5% in the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 4,323 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Performance

OII stock opened at $24.16 on Friday. The company has a market cap of $2.44 billion, a P/E ratio of 18.30 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. The stock’s fifty day moving average price is $25.75 and its 200-day moving average price is $26.07. Oceaneering International, Inc. has a 1 year low of $19.68 and a 1 year high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen raised 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. Benchmark reissued a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. Finally, Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. One investment 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.25.

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.