Oceaneering International (NYSE:OII)’s share price traded down 0.5% during trading on Monday . The stock traded as low as $29.29 and last traded at $29.63, with a volume of 475,021 shares. The stock had previously closed at $29.78.

Several equities analysts recently commented on the company. Cowen and Company boosted their target price on Oceaneering International from $25.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, May 2nd. Zacks Investment Research upgraded Oceaneering International from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 30th. Societe Generale upgraded Oceaneering International from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, April 29th. Credit Suisse Group AG restated a “hold” rating and set a $27.00 target price on shares of Oceaneering International in a research report on Thursday, June 2nd. Finally, Morgan Stanley boosted their target price on Oceaneering International from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.71.

The stock has a market cap of $2.89 billion and a PE ratio of 15.50. The firm has a 50-day moving average price of $31.62 and a 200-day moving average price of $31.98.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Monday, April 25th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.09. The firm earned $608.34 million during the quarter, compared to analysts’ expectations of $641.85 million. The firm’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. Analysts expect that Oceaneering International will post $1.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, May 27th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.08 annualized dividend and a yield of 3.67%.

In other Oceaneering International news, Director T Jay Collins sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $33.04, for a total value of $660,800.00. Following the completion of the sale, the director now owns 42,252 shares of the company’s stock, valued at $1,396,006.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen P. Barrett acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was purchased at an average cost of $28.91 per share, with a total value of $28,910.00. Following the purchase, the vice president now owns 21,718 shares of the company’s stock, valued at $627,867.38. The disclosure for this purchase can be found here.

Other hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Oceaneering International by 55.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 902,738 shares of the company’s stock valued at $33,870,000 after buying an additional 323,040 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Oceaneering International by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 315,133 shares of the company’s stock valued at $11,824,000 after buying an additional 7,693 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Oceaneering International by 1,556.0% in the fourth quarter. Bank of Montreal Can now owns 956,640 shares of the company’s stock valued at $35,894,000 after buying an additional 898,872 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Oceaneering International by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,368 shares of the company’s stock valued at $1,064,000 after buying an additional 121 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Oceaneering International by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,137,581 shares of the company’s stock valued at $267,802,000 after buying an additional 124,727 shares during the last quarter.

Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).

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