Trexquant Investment LP Has $1.91 Million Stake in Oceaneering International, Inc. (NYSE:OII)

Trexquant Investment LP reduced its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,338 shares of the oil and gas company’s stock after selling 18,832 shares during the period. Trexquant Investment LP owned 0.07% of Oceaneering International worth $1,913,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in Oceaneering International in the fourth quarter worth approximately $531,000. Stifel Financial Corp increased its stake in shares of Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock valued at $1,715,000 after acquiring an additional 23,512 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Oceaneering International by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock valued at $33,869,000 after acquiring an additional 58,081 shares during the period. Barclays PLC boosted its stake in Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after acquiring an additional 138,931 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after purchasing an additional 16,269 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OII. Barclays cut their price objective 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. TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.25.

Oceaneering International Trading Down 6.7 %

NYSE OII opened at $15.93 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $22.04 and a 200 day simple moving average of $24.89. Oceaneering International, Inc. has a 12 month low of $15.64 and a 12 month high of $30.98. The firm has a market capitalization of $1.61 billion, a P/E ratio of 11.06 and a beta of 1.94.

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

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.