Oceaneering International Inc. (NYSE:OII) had its price objective cut by Royal Bank Of Canada from $32.00 to $28.00 in a report published on Thursday. They currently have a sector perform rating on the stock.

Analyst Recommendations for Oceaneering International (NYSE:OII)

Several other analysts have also issued reports on OII. Credit Suisse Group AG restated a hold rating and issued a $27.00 price objective on shares of Oceaneering International in a research note on Thursday, June 2nd. Evercore ISI lowered Oceaneering International from a buy rating to a hold rating and dropped their price objective for the company from $36.00 to $28.00 in a research note on Wednesday, June 29th. Zacks Investment Research lowered Oceaneering International from a hold rating to a sell rating in a research note on Tuesday, July 5th. Stephens restated a top pick rating on shares of Oceaneering International in a research note on Friday, July 15th. Finally, Seaport Global Securities restated an accumulate rating on shares of Oceaneering International in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $35.55.

Shares of Oceaneering International (NYSE:OII) opened at 24.62 on Thursday. Oceaneering International has a 52 week low of $24.62 and a 52 week high of $48.11. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 16.90 and a beta of 1.63. The company has a 50-day moving average price of $27.08 and a 200 day moving average price of $30.66.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.01. The business earned $625.50 million during the quarter, compared to the consensus estimate of $604.16 million. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. Analysts expect that Oceaneering International will post $0.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.39%. The ex-dividend date was Wednesday, August 24th. Oceaneering International’s payout ratio is presently 73.47%.

In related news, VP Stephen P. Barrett bought 1,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were purchased at an average cost of $28.91 per share, with a total value of $28,910.00. Following the acquisition, the vice president now owns 21,718 shares of the company’s stock, valued at $627,867.38. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AJO LP increased its position in shares of Oceaneering International by 3.7% in the second quarter. AJO LP now owns 5,639,734 shares of the company’s stock valued at $168,402,000 after buying an additional 200,343 shares during the last quarter. State Street Corp increased its position in shares of Oceaneering International by 4.1% in the first quarter. State Street Corp now owns 3,786,218 shares of the company’s stock valued at $125,861,000 after buying an additional 150,745 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Oceaneering International by 3.0% in the second quarter. BlackRock Fund Advisors now owns 3,668,448 shares of the company’s stock valued at $109,540,000 after buying an additional 107,735 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Oceaneering International by 59.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,090,649 shares of the company’s stock valued at $62,427,000 after buying an additional 778,030 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Oceaneering International by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,455,675 shares of the company’s stock valued at $43,464,000 after buying an additional 60,908 shares during the last quarter. 98.00% of the stock is currently owned by hedge funds and other institutional investors.

About Oceaneering International

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).

5 Day Chart for NYSE:OII

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