Nationwide Fund Advisors boosted its stake in Oceaneering International, Inc. (NYSE:OII) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,589 shares of the oil and gas company’s stock after acquiring an additional 5,141 shares during the period. Nationwide Fund Advisors owned 0.19% of Oceaneering International worth $4,170,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of OII. BlackRock Inc. raised its holdings in Oceaneering International by 10,555.3% in the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after acquiring an additional 8,433,478 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Oceaneering International by 91.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock valued at $81,648,000 after acquiring an additional 1,443,300 shares in the last quarter. Teachers Advisors LLC raised its holdings in Oceaneering International by 131.6% in the first quarter. Teachers Advisors LLC now owns 967,472 shares of the oil and gas company’s stock valued at $26,199,000 after acquiring an additional 549,786 shares in the last quarter. Eaton Vance Management raised its holdings in Oceaneering International by 20.4% in the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after acquiring an additional 519,289 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Oceaneering International by 618.8% in the second quarter. Alliancebernstein L.P. now owns 451,840 shares of the oil and gas company’s stock valued at $10,320,000 after acquiring an additional 388,976 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on OII shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Oceaneering International in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $25.00 price target on shares of Oceaneering International in a report on Thursday, July 20th. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a report on Friday, July 28th. ValuEngine raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co cut their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.82.
Shares of Oceaneering International, Inc. (OII) opened at 25.26 on Friday. Oceaneering International, Inc. has a 1-year low of $20.74 and a 1-year high of $32.12. The company’s market cap is $2.48 billion. The firm’s 50-day moving average is $24.67 and its 200 day moving average is $24.92.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million during the quarter, compared to analysts’ expectations of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. Oceaneering International’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. Equities analysts expect that Oceaneering International, Inc. will post ($0.04) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a yield of 2.38%. Oceaneering International’s dividend payout ratio (DPR) is currently -206.90%.
In related news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total value of $51,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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