State of Alaska Department of Revenue Reduces Holdings in Oceaneering International, Inc. (NYSE:OII)

State of Alaska Department of Revenue trimmed its stake in Oceaneering International, Inc. (NYSE:OII) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,435 shares of the oil and gas company’s stock after selling 476 shares during the period. State of Alaska Department of Revenue owned 0.06% of Oceaneering International worth $1,497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its position in Oceaneering International by 2.1% during the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock valued at $129,847,000 after acquiring an additional 107,394 shares during the period. FMR LLC lifted 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 valued at $72,023,000 after acquiring an additional 36,593 shares during the period. Geode Capital Management LLC lifted its position in Oceaneering International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,279,039 shares of the oil and gas company’s stock valued at $56,691,000 after acquiring an additional 26,328 shares during the period. Franklin Resources Inc. lifted its position in Oceaneering International by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,928,780 shares of the oil and gas company’s stock valued at $49,647,000 after acquiring an additional 57,193 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in Oceaneering International by 12.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after acquiring an additional 206,458 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Trading Down 3.1 %

Shares of NYSE:OII opened at $24.91 on Thursday. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.87 and a beta of 2.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The stock’s 50-day simple moving average is $25.97 and its two-hundred day simple moving average is $26.20.

Analyst Ratings Changes

A number of brokerages recently issued reports on OII. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. TD Cowen lifted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th. Finally, Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Company 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.