Oceaneering International Inc. (OII) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. decreased its position in Oceaneering International Inc. (NYSE:OII) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,019 shares of the company’s stock after selling 619 shares during the period. Advisors Asset Management Inc.’s holdings in Oceaneering International were worth $120,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in 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 period. Atlanta Capital Management Co. L L C boosted its stake in Oceaneering International by 1.5% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,312,619 shares of the company’s stock valued at $43,632,000 after buying an additional 18,954 shares during the period. First Trust Advisors LP boosted its stake in Oceaneering International by 49.9% in the second quarter. First Trust Advisors LP now owns 1,289,687 shares of the company’s stock valued at $38,510,000 after buying an additional 429,053 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Oceaneering International during the second quarter valued at approximately $31,949,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Oceaneering International during the second quarter valued at approximately $31,000,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Shares of Oceaneering International Inc. (NYSE:OII) traded up 0.18% on Friday, reaching $27.82. The company had a trading volume of 1,067,162 shares. Oceaneering International Inc. has a 12 month low of $24.33 and a 12 month high of $47.99. The firm has a market capitalization of $2.73 billion, a PE ratio of 19.09 and a beta of 1.57. The company’s 50-day moving average is $26.43 and its 200 day moving average is $30.21.
Oceaneering International (NYSE:OII) last released its quarterly earnings results 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 company had revenue of $625.50 million for the quarter, compared to the consensus estimate of $604.16 million. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. Equities analysts forecast that Oceaneering International Inc. will post $0.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.08 annualized dividend and a yield of 3.88%. Oceaneering International’s payout ratio is 73.47%.
OII has been the topic of several research analyst reports. Seaport Global Securities reaffirmed an “accumulate” rating on shares of Oceaneering International in a research note on Friday, August 19th. Loop Capital initiated coverage on Oceaneering International in a research note on Friday, September 30th. They issued a “buy” rating on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Oceaneering International in a research note on Tuesday, July 5th. Jefferies Group set a $27.00 price objective on Oceaneering International and gave the company a “hold” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oceaneering International presently has an average rating of “Hold” and an average target price of $35.13.
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).
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