Oceaneering International, Inc. (NYSE:OII) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP decreased its position in Oceaneering International, Inc. (NYSE:OII) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 holdings, 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 institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Oceaneering International during the 4th quarter valued at about $40,000. Farther Finance Advisors LLC increased its stake 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 valued at $49,000 after acquiring an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in Oceaneering International during the 3rd quarter worth approximately $57,000. GAMMA Investing LLC increased its position in Oceaneering International by 108.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,412 shares in the last quarter. Finally, KBC Group NV increased its position in Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OII shares. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Benchmark reiterated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Friday, October 25th. Finally, Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Price Performance

Shares of NYSE OII opened at $25.49 on Wednesday. Oceaneering International, Inc. has a 1-year low of $19.68 and a 1-year high of $30.98. 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 business’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $26.33. The firm has a market capitalization of $2.58 billion, a PE ratio of 19.18 and a beta of 2.41.

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.