Bessemer Group Inc. Has $40,000 Stock Holdings in Oceaneering International, Inc. (NYSE:OII)

Bessemer Group Inc. reduced its position in shares of Oceaneering International, Inc. (NYSE:OII) by 63.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,532 shares of the oil and gas company’s stock after selling 2,684 shares during the quarter. Bessemer Group Inc.’s holdings in Oceaneering International were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Oceaneering International in the 4th quarter worth $40,000. Smartleaf Asset Management LLC lifted its stake in shares of Oceaneering International by 354.7% in 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 buying an additional 3,157 shares in the last quarter. KBC Group NV lifted its stake in shares of Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Oceaneering International during the fourth quarter valued at about $156,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Oceaneering International during the third quarter worth about $202,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Up 3.5 %

OII stock opened at $17.87 on Friday. The stock has a market cap of $1.81 billion, a P/E ratio of 12.41 and a beta of 1.94. 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 stock’s fifty day simple moving average is $20.80 and its two-hundred day simple moving average is $24.46. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII) last issued 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 return on equity of 17.29% and a net margin of 5.54%. The company had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. Analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

OII has been the subject of a number of analyst reports. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. TD Cowen upped their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. 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 report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.