Shares of Oceaneering International Inc. (NYSE:OII) dropped 4.3% during trading on Monday . The company traded as low as $26.68 and last traded at $26.68, with a volume of 1,010,986 shares. The stock had previously closed at $27.88.

OII has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Oceaneering International in a report on Tuesday, July 5th. Societe Generale raised shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, April 29th. Morgan Stanley boosted their price objective on shares of Oceaneering International from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. Jefferies Group reissued a “hold” rating and set a $31.00 price objective (up previously from $29.00) on shares of Oceaneering International in a report on Monday, July 11th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Oceaneering International in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $37.50.

The stock has a 50 day moving average of $29.94 and a 200-day moving average of $31.33. The firm has a market capitalization of $2.64 billion and a P/E ratio of 18.48.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $625.50 million for the quarter, compared to the consensus estimate of $604.16 million. On average, equities research analysts forecast that Oceaneering International Inc. will post $0.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 26th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.01%.

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

Several hedge funds and institutional investors have recently made changes to their positions in OII. Bank of Montreal Can boosted its position 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. Vanguard Group Inc. boosted its position 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. Airain ltd boosted its position in shares of Oceaneering International by 436.7% in the fourth quarter. Airain ltd now owns 41,050 shares of the company’s stock valued at $1,540,000 after buying an additional 33,401 shares during the last quarter. Principal Financial Group Inc. boosted its position 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. Finally, Comerica Bank boosted its position in shares of Oceaneering International by 1.7% in the fourth quarter. Comerica Bank now owns 73,133 shares of the company’s stock valued at $2,479,000 after buying an additional 1,227 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.