Goehring & Rozencwajg Associates LLC Sells 11,168 Shares of Oceaneering International, Inc. (NYSE:OII)

Goehring & Rozencwajg Associates LLC trimmed its holdings in Oceaneering International, Inc. (NYSE:OII) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 460,189 shares of the oil and gas company’s stock after selling 11,168 shares during the period. Oceaneering International comprises about 2.3% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 16th largest position. Goehring & Rozencwajg Associates LLC’s holdings in Oceaneering International were worth $11,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OII. Jennison Associates LLC bought a new stake in Oceaneering International during the fourth quarter worth $1,178,000. R Squared Ltd bought a new stake in shares of Oceaneering International in the 4th quarter worth $40,000. SteelPeak Wealth LLC bought a new stake in shares of Oceaneering International in the 4th quarter worth $305,000. KBC Group NV lifted its position in shares of 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 valued at $136,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Oceaneering International by 20.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,030 shares of the oil and gas company’s stock valued at $444,000 after purchasing an additional 2,869 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Stock Performance

NYSE OII opened at $24.69 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of 18.70 and a beta of 2.38. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $26.25 and its 200-day moving average is $26.26. Oceaneering International, Inc. has a 12-month low of $19.68 and a 12-month high of $30.98.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen upped their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. Benchmark restated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.25.

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.