Goehring & Rozencwajg Associates LLC Has $11.33 Million Position in Oceaneering International, Inc. (NYSE:OII)

Goehring & Rozencwajg Associates LLC cut its position in Oceaneering International, Inc. (NYSE:OII) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,189 shares of the oil and gas company’s stock after selling 11,168 shares during the quarter. Oceaneering International comprises about 2.3% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 16th biggest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.46% of Oceaneering International worth $11,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OII. Captrust Financial Advisors grew its stake in shares of Oceaneering International by 3.9% in the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after acquiring an additional 578 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Oceaneering International by 6.3% during the third quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 687 shares during the period. Central Pacific Bank Trust Division raised its position in shares of Oceaneering International by 12.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 840 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,412 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $40,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Price Performance

OII stock opened at $24.69 on Friday. 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 company’s 50-day moving average is $26.25 and its 200-day moving average is $26.26. The stock has a market capitalization of $2.50 billion, a PE ratio of 18.70 and a beta of 2.38. Oceaneering International, Inc. has a 1 year low of $19.68 and a 1 year high of $30.98.

Analyst Upgrades and Downgrades

OII has been the topic of a number of recent research reports. 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. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. 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 report on Wednesday, January 8th. Finally, Citigroup downgraded shares of 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.