Shares of Oceaneering International Inc. (NYSE:OII) traded down 4.6% during mid-day trading on Monday . The company traded as low as $28.32 and last traded at $28.37, with a volume of 881,474 shares trading hands. The stock had previously closed at $29.73.

A number of analysts have issued reports on the stock. Cowen and Company reiterated a “hold” rating on shares of Oceaneering International in a research note on Monday, May 2nd. Zacks Investment Research raised shares of Oceaneering International from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 30th. Societe Generale raised shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, April 29th. Credit Suisse Group AG reissued a “hold” rating and issued a $27.00 price target on shares of Oceaneering International in a research report on Thursday, June 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Oceaneering International in a research report on Wednesday, June 22nd. They issued an “underweight” rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Oceaneering International presently has a consensus rating of “Hold” and a consensus target price of $37.50.

The stock has a 50-day moving average of $28.96 and a 200 day moving average of $30.92. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 19.36.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The company earned $625.50 million during the quarter, compared to analyst estimates of $604.16 million. Analysts forecast that Oceaneering International Inc. will post $0.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Wednesday, August 24th.

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

A number of hedge funds and institutional investors have recently bought and sold shares of OII. Calvert Investment Management Inc. boosted its position in Oceaneering International by 15.5% in the fourth quarter. Calvert Investment Management Inc. now owns 35,536 shares of the company’s stock valued at $1,333,000 after buying an additional 4,767 shares during the last quarter. Airain ltd boosted its position in 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. Finally, Principal Financial Group Inc. boosted its position in 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.

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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