Mackenzie Financial Corp Sells 7,535 Shares of Oceaneering International, Inc. (NYSE:OII)

Mackenzie Financial Corp decreased its position in Oceaneering International, Inc. (NYSE:OII) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,576 shares of the oil and gas company’s stock after selling 7,535 shares during the quarter. Mackenzie Financial Corp’s holdings in Oceaneering International were worth $310,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Exchange Traded Concepts LLC purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $93,000. Meridian Management Co. bought a new stake in Oceaneering International during the third quarter valued at about $206,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Oceaneering International in the third quarter worth about $206,000. OMERS ADMINISTRATION Corp bought a new position in shares of Oceaneering International in the third quarter worth about $208,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Oceaneering International during the 3rd quarter valued at about $249,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OII shares. Barclays decreased their target price on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Thursday. Finally, StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday.

Oceaneering International Price Performance

OII stock opened at $24.90 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.50 and a current ratio of 1.76. The company’s fifty day moving average price is $22.54 and its 200-day moving average price is $21.78. Oceaneering International, Inc. has a one year low of $14.99 and a one year high of $27.46. The company has a market capitalization of $2.52 billion, a PE ratio of 23.49 and a beta of 2.49.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. The company had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. On average, equities analysts anticipate that Oceaneering International, Inc. will post 1.54 EPS for the current fiscal year.

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.