CANADA LIFE ASSURANCE Co Sells 998 Shares of Oceaneering International, Inc. (NYSE:OII)

CANADA LIFE ASSURANCE Co trimmed its position in shares of Oceaneering International, Inc. (NYSE:OII) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 95,780 shares of the oil and gas company’s stock after selling 998 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Oceaneering International were worth $2,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oceaneering International during the 4th quarter worth $40,000. Smartleaf Asset Management LLC lifted its holdings in Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 3,157 shares during the last quarter. KBC Group NV boosted its position in Oceaneering International by 72.6% during the fourth 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 during the period. New Age Alpha Advisors LLC purchased a new position in shares of Oceaneering International in the fourth quarter worth about $156,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $202,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

NYSE:OII opened at $17.83 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.38 and a beta of 1.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The stock has a fifty day moving average of $19.87 and a 200 day moving average of $24.10. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. On average, research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OII shares. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. TD Cowen boosted 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. Barclays cut their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Finally, 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 report on Friday, January 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

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.