Oldfield Partners LLP Has $1.02 Million Position in Oceaneering International, Inc. (NYSE:OII)

Oldfield Partners LLP lessened its position in shares of Oceaneering International, Inc. (NYSE:OII) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,929 shares of the oil and gas company’s stock after selling 800 shares during the quarter. Oceaneering International comprises about 0.3% of Oldfield Partners LLP’s investment portfolio, making the stock its 19th largest position. Oldfield Partners LLP’s holdings in Oceaneering International were worth $1,015,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Algert Global LLC lifted its stake in shares of Oceaneering International by 23.1% during the third quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock valued at $2,487,000 after acquiring an additional 18,760 shares during the period. Stifel Financial Corp lifted its stake in shares of Oceaneering International by 51.8% during the third quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock valued at $1,715,000 after acquiring an additional 23,512 shares during the period. Fisher Asset Management LLC lifted its stake in Oceaneering International by 32.3% in the third quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company’s stock valued at $3,292,000 after buying an additional 32,297 shares during the period. Barclays PLC increased its holdings in shares of Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after acquiring an additional 138,931 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Oceaneering International by 1.3% in the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock worth $72,023,000 after acquiring an additional 36,593 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Down 0.5 %

NYSE:OII opened at $25.49 on Wednesday. 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 company has a market cap of $2.58 billion, a PE ratio of 19.18 and a beta of 2.41. Oceaneering International, Inc. has a 52-week low of $19.68 and a 52-week high of $30.98. The stock has a 50-day simple moving average of $26.95 and a 200 day simple moving average of $26.33.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OII. Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. TD Cowen increased their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Benchmark restated a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Finally, Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. One 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, the company currently has a consensus rating of “Hold” and an average target price of $29.25.

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.