Oceaneering International Inc. (NYSE:OII)’s share price dropped 4.6% on Monday . The company traded as low as $28.32 and last traded at $28.37, with a volume of 881,474 shares traded. The stock had previously closed at $29.73.

OII has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Oceaneering International in a report on Wednesday, June 22nd. They set an “underweight” rating and a $23.00 target price on the stock. Goldman Sachs Group Inc. restated a “buy” rating on shares of Oceaneering International in a report on Tuesday, July 5th. Jefferies Group set a $27.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Stephens restated a “top pick” rating on shares of Oceaneering International in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $37.50.

The firm has a 50 day moving average of $28.88 and a 200-day moving average of $30.91. The stock has a market capitalization of $2.69 billion and a price-to-earnings ratio of 18.86.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. The business earned $625.50 million during the quarter, compared to analyst estimates of $604.16 million. Equities analysts expect that Oceaneering International Inc. will post $0.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Wednesday, August 24th.

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

Other large investors have made changes to their positions in the company. Calvert Investment Management Inc. raised its stake in shares of 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 in the last quarter. Airain ltd raised its stake 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 in the last quarter. Finally, Principal Financial Group Inc. raised 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 in 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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