PNC Financial Services Group Inc. Sells 1,453 Shares of Oceaneering International, Inc. (NYSE:OII)

PNC Financial Services Group Inc. decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,846 shares of the oil and gas company’s stock after selling 1,453 shares during the period. PNC Financial Services Group Inc.’s holdings in Oceaneering International were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OII. Fisher Asset Management LLC grew its holdings in shares of Oceaneering International by 191.7% during the fourth quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock valued at $10,069,000 after buying an additional 253,705 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Oceaneering International by 12.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after buying an additional 206,458 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Oceaneering International by 11.2% during the fourth quarter. Congress Asset Management Co. now owns 1,736,307 shares of the oil and gas company’s stock valued at $45,283,000 after buying an additional 175,434 shares during the last quarter. Barclays PLC boosted its holdings in 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 purchasing an additional 138,931 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Oceaneering International by 8.9% in the fourth quarter. Van ECK Associates Corp now owns 1,568,481 shares of the oil and gas company’s stock worth $40,906,000 after purchasing an additional 128,187 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 0.9 %

Shares of OII stock opened at $21.55 on Friday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.96 and a beta of 2.42. Oceaneering International, Inc. has a one year low of $18.87 and a one year high of $30.98. The company’s fifty day moving average price is $23.62 and its 200-day moving average price is $25.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Sell-side analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OII has been the topic of several research reports. TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. 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. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays decreased their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.25.

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.