Janus Henderson Group PLC Sells 196,621 Shares of Oceaneering International, Inc. (NYSE:OII)

Janus Henderson Group PLC decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 20.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,875 shares of the oil and gas company’s stock after selling 196,621 shares during the quarter. Janus Henderson Group PLC’s holdings in Oceaneering International were worth $19,505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Advisory Inc. raised its holdings in shares of Oceaneering International by 22.5% in the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock valued at $133,782,000 after purchasing an additional 941,849 shares in the last quarter. FIL Ltd bought a new stake in shares of Oceaneering International in the 4th quarter valued at about $18,864,000. American Century Companies Inc. raised its holdings in shares of Oceaneering International by 14.3% in the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock valued at $74,112,000 after purchasing an additional 355,290 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Oceaneering International in the 4th quarter valued at about $8,490,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Oceaneering International by 14.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock valued at $54,925,000 after purchasing an additional 267,230 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 1.3%

Shares of Oceaneering International stock opened at $19.84 on Friday. The firm’s 50 day moving average price is $19.13 and its 200-day moving average price is $23.54. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International, Inc. has a 52-week low of $15.46 and a 52-week high of $30.98. The company has a market cap of $2.00 billion, a P/E ratio of 13.78 and a beta of 1.54.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Barclays reduced their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

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.