Candriam Luxembourg S.C.A. Has $425,000 Stake in Oceaneering International (OII)
Candriam Luxembourg S.C.A. raised its position in Oceaneering International (NYSE:OII) by 37.6% during the second quarter, Holdings Channel reports. The firm owned 14,220 shares of the company’s stock after buying an additional 3,885 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Oceaneering International were worth $425,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. 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 worth $125,861,000 after buying an additional 150,745 shares during the period. Atlanta Capital Management Co. L L C increased its position in shares of 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 worth $43,632,000 after buying an additional 18,954 shares during the period. PGGM Investments increased its position in shares of Oceaneering International by 91.9% in the second quarter. PGGM Investments now owns 1,021,218 shares of the company’s stock worth $30,494,000 after buying an additional 489,176 shares during the period. Geode Capital Management LLC increased its position in shares of Oceaneering International by 9.3% in the first quarter. Geode Capital Management LLC now owns 908,355 shares of the company’s stock worth $30,183,000 after buying an additional 77,184 shares during the period. Finally, Sprucegrove Investment Management Ltd. increased its position in shares of Oceaneering International by 22.1% in the second quarter. Sprucegrove Investment Management Ltd. now owns 754,100 shares of the company’s stock worth $22,517,000 after buying an additional 136,600 shares during the period. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
Oceaneering International (NYSE:OII) traded down 1.67% during mid-day trading on Wednesday, reaching $27.61. The company had a trading volume of 1,285,020 shares. The firm has a 50-day moving average price of $26.38 and a 200 day moving average price of $30.11. Oceaneering International has a 12-month low of $24.33 and a 12-month high of $47.99. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.95 and a beta of 1.57.
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 analysts’ consensus estimates of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The firm earned $625.50 million during the quarter, compared to analysts’ expectations of $604.16 million. Analysts expect that Oceaneering International will post $0.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Wednesday, August 24th. Oceaneering International’s payout ratio is 73.47%.
OII has been the topic of a number of recent analyst reports. Evercore ISI downgraded Oceaneering International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $28.00 in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Oceaneering International in a report on Tuesday, July 5th. Jefferies Group restated 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. Zacks Investment Research upgraded Oceaneering International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Citigroup Inc. started coverage on Oceaneering International in a report on Tuesday, September 27th. They set a “neutral” rating and a $27.00 price objective for the company. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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).
Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International (NYSE:OII).
Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.