Oceaneering International (NYSE:OII) Stock Rating Lowered by Wall Street Zen

Oceaneering International (NYSE:OII) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

OII has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a report on Monday, December 29th. Barclays upped their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. TD Cowen lifted their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Finally, Zacks Research upgraded shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Oceaneering International Stock Up 8.1%

Shares of NYSE OII opened at $32.19 on Friday. The business has a 50-day moving average of $26.81 and a two-hundred day moving average of $24.66. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.06 and a beta of 1.26. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $32.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68.

Insiders Place Their Bets

In related news, SVP Jennifer Fremont Simons sold 29,155 shares of Oceaneering International stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.35, for a total value of $768,234.25. Following the transaction, the senior vice president directly owned 52,344 shares in the company, valued at $1,379,264.40. This trade represents a 35.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Oceaneering International

Several hedge funds and other institutional investors have recently made changes to their positions in OII. Vanguard Group Inc. increased its stake in shares of Oceaneering International by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after acquiring an additional 187,707 shares during the period. Brown Advisory Inc. boosted its holdings in Oceaneering International by 12.2% in the 2nd quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company’s stock valued at $152,202,000 after purchasing an additional 799,718 shares in the last quarter. American Century Companies Inc. boosted its holdings in Oceaneering International by 8.1% in the 3rd quarter. American Century Companies Inc. now owns 3,642,873 shares of the oil and gas company’s stock valued at $90,270,000 after purchasing an additional 272,667 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Oceaneering International by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,285,951 shares of the oil and gas company’s stock worth $81,429,000 after purchasing an additional 98,333 shares during the period. Finally, Greenhouse Funds LLLP raised its stake in shares of Oceaneering International by 9.9% during the 2nd quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock worth $51,630,000 after buying an additional 223,724 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.